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25 May
13:26

Hyundai Motor Group says US investment will help Korea’s global competitiveness

Hyundai Motor Group (HMG) says South Korea continues to be its main focus and will be a hub for the group, amid its decision to invest $5.5 billion in the US EV market. The group, formed by Hyundai Motor, Kia and Hyundai Mobis, said it will invest KRW 63 trillion ($49.54 billion) in its home country. The total investment figure includes previous announcements such as KRW 16.2 trillion for electrification and KRW 8.9 trillion for new technologies including robotic…
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