By 2025, Hyundai Motor, Kia, and Mobis will participate… “Cultivating Korea as a future business hub”
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(Seoul = Yonhap News) Reporter Park Seong-min = Hyundai Motor Company under the Hyundai Motor Group[005380]Kia[000270]Hyundai Mobis[012330] The three companies announced on the 24th that they would invest 63 trillion won in Korea for three years until 2025.
The three companies explained the background of this investment plan, “This is to strengthen Korea’s role and leadership as a ‘group’s future business hub’ by focusing large-scale investments in Korea.”
Previously, Hyundai Motor Group established an electric vehicle and battery cell factory in Georgia, USA, on the 21st and 22nd, during the visit of US President Joe Biden to Korea, as well as robotics, autonomous driving software (SW), urban air mobility (UAM), and artificial intelligence (AI). It announced a plan to invest a total of $10.5 billion (regarding 13 trillion won) in the US.
The announcement of domestic investment on this day was made two days following the announcement of investment in the US, and it can also be read as a message that as a native company, it does not ignore the revitalization of the domestic industry.
Domestic investment areas include electrification and eco-friendly businesses (16.2 trillion won) such as electric vehicles and hydrogen electric vehicles, new technologies and new businesses such as robotics (8.9 trillion won), and improvement of commerciality and service quality (38 trillion won) of existing businesses such as internal combustion locomotives. .
Hyundai Motor Group said, “If this domestic investment plan is combined with other group companies such as parts, steel and construction, the total domestic mid- to long-term investment is estimated to increase significantly.”
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2022/05/24 13:19 Send
