Hyundai Motor Group will invest $ 50 billion in South Korea by 2025

The Hyundai Motor logo will be seen at the company’s headquarters in Seoul, South Korea on March 22, 2019. (Kim Hong-Ji / Reuters)

Seoul — Hyundai Motor Group will give South Korea 63 trillion won (49 billion won) by 2025 to strengthen its competitiveness in various business areas such as electrification, robotics, urban aerial movement and autonomous driving technology on Tuesday. He said he plans to invest (dollars).

South Korea’s automotive group will spend $ 10 billion on Sunday in the United States by 2025 to strengthen cooperation with U.S. companies in advanced technologies, including a $ 5.5 billion investment in new electric vehicles and battery equipment in Georgia. Announced plans to invest the above.

By Heekyong Yang and Byungwook Kim