Hyundai Motor Group to Invest Big in Korea

[kit_hung]

Hyundai Motor Group has decided to invest a total of 125.2 trillion won (US$86 billion) in Korea over the next five years, the largest investment they have ever made domestically and comes after a new agreement between Korea and the US that eased the pressure of tariffs.

Their focus is on pushing AI robotics and a green energy ecosystem forward while building a global mobility hub and protecting Korea's supply chain. They plan to hire 10,000 people next year from 7,200 this year and also help suppliers directly so that they are not squeezed by tariffs.

A large amount will go to software defined vehicle electrification and the hydrogen ecosystem. There is also money for R&D and maintenance facilities for new EVs. Car exports will be increased to 2.47 million units by 2030, with eco-friendly models doubling.

They will open a PEM electrolyzer plant to produce clean, carbon-free hydrogen. They have also said they will cover all tariff costs for tier one suppliers by 2025 and establish support programs for small suppliers so that the supply chain remains stable


Source: koreaherald

 

[gwolf666]

From my perspective, this investment by Hyundai in Korea represents a very strong commitment to the future of the automotive industry and technology in general. It's encouraging to see how they are focusing on innovation, especially in areas like artificial intelligence, robotics, and clean energy, because these are the true keys to sustainable and competitive development. The intention to create a hydrogen and electrification ecosystem demonstrates that Hyundai wants to be at the forefront of the transition to greener vehicles, which I consider very positive for reducing the carbon footprint. I also think it's important that they have decided to support their suppliers and maintain stability in the supply chain, as this helps strengthen the entire local economy. Undoubtedly, this strategy shows long-term vision and can set an example for other companies around the world. I hope these investments will generate a real and sustainable impact on the mobility of the future.