Hyundai Motor to invest KRW 120.5T from 2024 to 2033

Hyundai Motor has announced a total investment of KRW 120.5 trillion for the next decade, from 2024 to 2033. This is KRW 11.1 trillion more than what was announced last year. The investment breakdown includes KRW 54.5 trillion for Research and Development, KRW 51.6 trillion for Capital Expenditure, and KRW 14.4 trillion for strategic investments. In alignment with the Hyundai Way strategy, which encompasses Hyundai Dynamic Capabilities, Mobility Game Changer and Energy Mobilizer, the company emphasized its investment plan, which will be implemented in phases. Under the Hyundai Dynamic Capabilities strategy, the company plans to invest a total of KRW 92.7 trillion. This includes KRW 37.4 trillion for Research and Development, KRW 50.8 trillion for Capital Expenditure, and KRW 4.5 trillion for strategic investments. This investment aims to bolster Hyundai’s competitiveness in the era of electrification, focusing on hybrids, new EREVs, next-generation modular architecture and battery technologies. Under the Mobility Game Changer strategy, Hyundai Motor plans to invest KRW 22.1 trillion in advanced software and E/E architecture, leveraging its expertise in hardware development and production. This investment is also intended to bolster the company’s future pursuits in autonomous driving, software-defined vehicles, and robotics. Under the Energy Mobilizer strategy, Hyundai Motor plans to invest KRW 5.7 trillion to develop hydrogen ecosystems and value chains, further enhancing its existing expertise in hydrogen energy.