Hyundai Group of Companies reaffirms the goal of pursuing growth in the electricity market through important investments in next three years. According to Reuters, the Korean company said it would put approximately 68 trillion won, which is just under 47 billion euros. to develop new electric vehicles, product lines, battery technologies, research and development, and software-defined vehicles (vehicles that are activated primarily by software: the vehicle can manage its own operations, add features, but also enable new ones, updating during operation). entire life cycle).
Specifically, more than half of the investment, or 35.5 trillion won (about 24.3 billion euros), will be allocated to new research and development infrastructure and production lines for electric vehicles.
Another 31.1 trillion won (about 21.3 billion euros) will be allocated for research and development of electric vehicles, including programmable vehicles and battery technologies. At the same time, the Korean group also intends hire up to 80 thousand new employees in the next 3 years. According to the above, most of the new employees (about 44 thousand) will work in the electrification and software-defined vehicles sectors.
It is therefore a very important investment in the clear strategy of the Korean automobile group as it seeks to increase its presence globally in the electric vehicle and connected car sectors. We remind you that within the Hyundai Group we find brands Hyundai, KIA and Genenis as well as a number of subsidiaries, including Hyundai Mobis.
Source: HD Motori
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