Hyundai to Invest over W60 Trillion by 2025

  • Arirang News

    December 05, 2019 08:22

    Hyundai on Wednesday unveiled its plan to invest over W60 trillion to become a leader in mobility business by 2025 (US$1=W1,194).

    Some W20 trillion will go toward developing future technologies such as self-driving cars, personal aerial vehicles, robotics and artificial intelligence, while W26.5 trillion will be spent on new cars and W14.6 trillion on production facilities.

    The automaker aims to increase its annual sales of electric cars to 560,000 units and fuel cell vehicles to 110,000 units by 2025.

    Hyundai also plans to boost its operating profit from about 3 percent this year to 7 percent in 2022 and 8 percent in 2025.

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