Hyundai Motor to invest $85.41 billion by 2032 to accelerate EV plans By Reuters

· Business · By ReportWire
Hyundai Motor to invest .41 billion by 2032 to accelerate EV plans By Reuters

© Reuters. FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

SEOUL (Reuters) – South Korea’s Hyundai Motor Co plans to invest about 109.4 trillion won ($85.41 billion) in the period through to 2032, the company said on Tuesday, including around 35.8 trillion won allocated for electric vehicles (EVs).

($1 = 1,280.8200 won)

Reuters

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