By: Anmar Frangoul
The Hyundai Motor Group will invest 41 trillion South Korean won ($35 billion) in “future mobility technologies” by the year 2025.
Among other things, the company said Tuesday it would launch 23 battery electric vehicles over the next few years.
The Seoul-headquartered conglomerate’s shift toward electric mobility is in line with other automobile manufacturers. Volvo Cars wants 50% of the cars it sells to be fully electric by 2025, while the Volkswagen Group plans to launch “almost 70 new electric models” over the next 10 years.