Hyundai Motor Group to invest record $16.7 billion in South Korea this year
South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record high of 24.3 trillion won ($16.65 billion) this year to secure future growth even as it grapples with economic and political uncertainties.
Hyundai commits a record +$16.6 billion in Korea to develop new tech and EVs
The world’s third-largest auto group is going all-in to lead the shift to electrification. With plans to pour a
Hyundai Motor Group to invest $16 bil. in Korea's next-generation mobility
Hyundai Motor Group announced a plan, Thursday, to invest 24.3 trillion won ($16.67 billion) in Korea this year, in a preemptive move to develop cutting-edge mobility solutions, focusing on electrification,
Hyundai plans record $16.7 bln investment in South Korea
South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record high of 24.3 trillion won ($16.65 billion) this year to secure future growth even as it grapples with economic and political uncertainties.
(LEAD) Hyundai Motor Group pledges record 24.3 tln-won investment in S. Korea to strengthen competitiveness
Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won (US$16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments. The annual investment plan represents a more than 19 percent increase from last
Hyundai to invest $16.6 billion in Korea in 2025, half of them for R&D
Hyundai Motor Group will invest an all-time high of 24.3 trillion won ($16.4 billion) in Korea in 2025, with almost half of them for research and development (R&D) to boost the domestic mobility environment.
2026 Hyundai Staria Electric Minivan Has The VW ID. Buzz In Its Sights
The Staria Electric could use a 215 hp electric motor and a 800V architecture that supports ultra-fast charging ...
Hyundai CEO says Elon Musk's bromance with Trump will be good for Tesla's rivals
Hyundai CEO Jose Munoz said he thinks the Tesla CEO's influence over the Trump administration may be positive for the rest of ...
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The Hyundai Santa Cruz Isn't a Truck, But That's Okay: Review
It took me five minutes to decide that the Santa Cruz wasn’t a pickup truck. Yes, there’s a four-foot bed in the back that ...
Hyundai’s New CEO Says Musk-Trump Friendship Is A “Positive” For All Carmakers
The new president and chief executive of Hyundai isn’t concerned about Elon Musk’s close relationship with Donald Trump. Jose ...
Hyundai reveals huge new holographic head-up display at CES
A producer of components for car companies Kia, Hyundai and Genesis, Hyundai Mobis revealed a next generation of head-up ...
Hyundai and Kia lose ground in their home country
Hyundai and Kia are at a critical juncture in their home market. Declining domestic sales, political unrest, and BYD's entry ...
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Hyundai planning new multibillion dollar steel mill in south Louisiana; see details
South Korean automaker Hyundai is planning a steel mill in Donaldsonville that would supply its Hyundai and Kia auto plants ...
Hyundai Motor Group Partners with NVIDIA to Accelerate Development of AI Solutions for Future Mobility
Hyundai Motor Group (the Group) today announced a strategic partnership with NVIDIA to accelerate the development of advanced ...
Hyundai Motor To Invest Record $16.6 Bn In South Korea
South Korea's Hyundai Motor Group said Thursday it plans to make a record $16.6 billion investment in the country, boosting EV and AI development, as it navigates geopolitical challenges and ...
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CES 2025: Hyundai Mobis Debuts New In-Car Holographic Displays That Cover the Entire Windshield
Mobis integrated a series of projectors under the vehicle's dashboard, and at CES 2025, the company shared a prototype of the ...
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Police issue reminder about Kia, Hyundai thefts
The Pittston City Police Department is issuing a reminder to residents after an uptick in thefts of certain vehicles. Police ...