{"id":52327,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"http:\/\/myanmarnewswire.com\/?guid=6d08eedff0bebb37fd92c2e265148376"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"lead-hyundai-motor-group-to-invest-68-tln-won-in-s-korea-by-2026","status":"publish","type":"post","link":"https:\/\/myanmarnewswire.com\/lead-hyundai-motor-group-to-invest-68-tln-won-in-s-korea-by-2026\/","title":{"rendered":"(LEAD) Hyundai Motor Group to invest 68 tln won in S. Korea by 2026"},"content":{"rendered":"<p><P><br \/>\n SEOUL, Hyundai Motor Group said Wednesday it will invest 68 trillion won (US$50.6 billion) and hire 80,000 in South Korea by 2026, as it seeks to gain a competitive edge in electric vehicles.<\/p>\n<p>The group, which includes affiliate Kia Corp., aims to expand its annual production of electric vehicles (EVs) in South Korea to 1.51 million units by 2030, Hyundai Motor said in a statement.<\/p>\n<p>Last year, Hyundai Motor Group&#8217;s investment stood at 17.5 trillion won, according to the statement.<\/p>\n<p>Hyundai Motor said 31.1 trillion won will be spent on research and development projects.<\/p>\n<p>With the investment, Hyundai Motor plans to expand its EV lineup to 31 models by 2030.<\/p>\n<p>Hyundai Motor also plans to work to create a future mobility ecosystem based on software-defined vehicles and artificial intelligence.<\/p>\n<p>Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p> SEOUL, Hyundai Motor Group said Wednesday it will invest 68 trillion won (US$50.6 billion) and hire 80,000 in South Korea by 2026, as it seeks to gain a competitive edge in electric vehicles.<\/p>\n<p>The group, which includes affiliate Kia Corp., aims to ex&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>(LEAD) Hyundai Motor Group to invest 68 tln won in S. 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