Automakers

Hyundai will invest $16B in EVs by 2030

Hyundai
(Regis Duvignau/REUTERS)
March 02, 2022 07:37 AM

Hyundai Motor Co. will invest 19.4 trillion won ($16.15 billion) in electrification through 2030 the company accelerates its electric car ambitions with a new target to sell 1.87 million pure EVs by 2030 and launch 17 new EV models across the Hyundai and Genesis brands.

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