Hyundai Motor to invest $56 bil. to refine eco-friendly portfolio

Hyundai Motor will make a large-scale investment worth $55.7 billion (77.3 trillion won) to refine its portfolio for eco-friendly vehicles and strengthen its global position as an advanced electrification powertrain maker, the carmaker said Thursday. Under the five-year investment plan which starts in 2026, the carmaker will place its strategic focus on diversifying its green car lineups, so it can achieve annual sales of 5.5 million vehicles by 2030. The strategy was unveiled during its first overseas CEO Investor Day in New York. The carmaker decided to hold this year’s event in the United States, in an apparent display of strong commitment to the market, as the Donald Trump administration is stepping up regulatory pressure on foreign carmakers. Hyundai Motor plans to overcome its recent earnings fall — triggered by a 25 percent tariff from the U.S. — by expanding its eco-friendly powertrains and launching more diverse cars in the global market. In 2027, the carmaker is scheduled to introduce its first extended-range electric vehicles (EREVs). EREVs refer to vehicles utilizing hiWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times