Hyundai says it plans to release 23 kinds of electric vehicles by 2025. That would make up roughly half of its new lineup.
South Korea's largest car company said Tuesday that it plans to invest 41 trillion won into"future mobility technology" by 2025.That massive pledge puts it on par with some of the industry's top players. Volkswagen is spending €30 billion over the next five years to make an electric or hybrid version of every vehicle in its lineup.Hyundai said Tuesday it plans to release 23 kinds of electric vehicles by 2025. That would make up roughly half of its new lineup.
Read More"Our goal is to become the number one country for future car competitiveness by 2030," President Moon Jae-in said Tuesday, speaking at a Hyundai research center. South Korea will"be the first in the world to commercialize autonomous driving," and a third of the cars on the country's roads in the next decade should be electric or hydrogen-powered, he added.
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