Hyundai Group plans to invest $16.5B in Korea EV business

By:

Reuters

May 18, 2022 12:38 PM

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.

Featured Stories

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

How multiple tariffs can be added to a vehicle, parts that cross U.S.-Canada-Mexico borders

Which vehicles are subject to Trump’s auto tariffs? Check our list

Nissan’s new scalable EV platform to support up to 5 models, including lifestyle pickup

Latest News

Mercedes-AMG E 53 Hybrid Wagon: The performance shooting brake returns

Daily 5 report for April 8: 2025 New York auto show preview; a simple, independent description of EV efficiency

Live updates on tariffs: Europe exports to U.S. could drop by 200,000 in 2025

GM, Ford, BMW to feel brunt of extra China tariffs on U.S. imports

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

Trump auto tariffs could cut European exports to U.S. by 200,000, study says

U.S. stock futures plunge overnight with Trump team defending tariffs

British government is relaxing EV rules to protect automakers from Trump tariffs

Staying current is easy with newsletters delivered straight to your inbox.