Opinion

Hyundai is investing 72 billion euros in new technologies by 2030

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Hyundai has unveiled its roadmap and strategy to accelerate its ambition for electric drive as it seeks sustainable progress for the company.

Hyundai President and CEO Jaehoon Chang unveiled their plans at the 2022 CEO Investor Day forum, revealing their sales and financial investment goals they plan to achieve by 2030.

The roadmap for Hyundai electric vehicles is supported by enhancing the range of electric vehicles, optimizing production capacity and ensuring hardware and software competitiveness.

According to its strategy, the company aims to reach annual global sales of electric vehicles of 1.87 million purely electric vehicles, securing 7% of the global market share by 2030.

The company plans to invest € 72 billion in future activities by 2030, including € 14.6 billion in e-mobility and € 9 billion in enhanced connectivity and autonomous software capabilities.

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