South Korean auto giant Hyundai Motor Group which includes Kia has announced its largest-ever domestic investment commitment: a pledge of 85.8 billion in South Korea over the next five years.
The company stated that this massive spending plan is a strategic move to adapt to the quickly changing global business environment.
Roughly 40 of the total funds will be dedicated to advanced technologies and new businesses, primarily focusing on artificial intelligence AI, software-defined vehicles SDVs, electrification, robotics, and hydrogen development.