 "Hyundai, EV, electric vechicles, cars, charging")
South Korea's Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses.
Hyundai Motor, which together with affiliate Kia Corp is among the world's top 10 biggest automakers by sales, targets to achieve a 7% market share in the global EV market by 2030, with an annual sales target of 1.87 million vehicles, the automaker said during a virtual investor day.
The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by
Disclaimer: No Business Standard Journalist was involved in creation of this content
