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Hyundai plans $51 billion investment in 6 years with focus on e-vehicles

The South Korean carmaker unveiled a 'Strategy 2025' roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won

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Hyundai Motor | Hyundai Motor India  | Car makers

Reuters  |  Seoul 

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday. The South Korean carmaker unveiled a "Strategy 2025" roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won. Hyundai will devote about 20 trillion won of the total investment, spread across six years, to future technologies, it added. It also set an ambitious deadline of 2025 to ...

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First Published: Wed, December 04 2019. 08:15 IST
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