SEOUL -- Hyundai Group plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle business in South Korea.
The South Korean auto group, which is parent to Hyundai and Kia, plans to annually build 1.44 million units of EVs in South Korea by 2030.
The 1.44 million units of EV production volume in South Korea would account for about 45 percent of a combined global EV production capacity of 3.23 million EV units in 2030, the auto group said.