Mexican Media Brands
Hyundai to Invest $35 Billion on Advanced Mobility
Hyundai Motor Group plans to invest 41 trillion won ($34.6 billion) over the next six years to develop next-generation mobility technologies and services.
#hybrid
Share
Hyundai Motor Group plans to invest 41 trillion won ($34.6 billion) over the next six years to develop next-generation mobility technologies and services.
The plan includes autonomous, connected, electric and shared vehicle systems. Last month Hyundai formed a $1.6 billion joint venture with software developer Aptiv plc and said it planned to begin high-volume production of Level 4 driverless vehicles by 2024.
South Korea President Moon Jae-in says he expects self-driving cars will account for half of new cars on the country's roads by 2030. The government plans to spend 1.7 trillion won ($1.4 billion) between 2021 and 2027 to support such vehicles.
Hyundai and other Korean companies plan to invest a combined 60 trillion won ($50 billion) over the next decade into future mobility systems.
RELATED CONTENT
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
