Hyundai unveils plan for $35 billion investment in driving tech

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.

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