Skip to content
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
logo

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

Hyundai Motor Group said that it plans to invest a total of 21 trillion won through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai Motor Co and Kia Corp, plans to annually build 1.44 million units of EVs in South Korea by 2030. The 1.44 million units of EV production volume in South Korea would account for about 45% of a combined global EV production capacity of 3.23 million EV units in 2030.

Hyundai plans to build a new EV manufacturing plant in the U.S. state of Georgia. The Atlanta Journal-Constitution reported the South Korean company would invest $7.5 billion in Georgia and hire 8,500 people as part of its plans to build a new factory. Last year, Hyundai Motor Group said it plans to invest $7.4 billion in the United States by 2025. This is to produce EVs, upgrade production facilities and further its investment in smart mobility solutions technology to improve different modes of transportation in cities.

YOU MAY ALSO LIKE

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Ameriprise Financial Posts Strong Q2 Earnings as Asset Values Reach Record Levels Amid Market Rebound

Tags: AutomobilebusinessHyundai

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

An Economic Dilemma: The Temptation of Inflation

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Hope and Innovation: A Bionic Arm for Nigeria

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.