26 May Hyundai Motor to Spend USD12.8bn on Developing EV and Eco-Friendly Cars
South Korean automaker Hyundai Motor [005380:KS] will invest KRW16.2tr (USD12.8bn) in all-electric and other eco-friendly vehicles, including hydrogen cars, plug-in hybrids, and purpose-built vehicles (PBVs), as reported by Korea Economic Daily on May 25. This is part of the group’s plan of injecting KRW63tr (USD50bn)...