Hyundai plans to invest $ 17 billion in electric cars

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Hyundai plans to invest $ 17 billion in electric cars

The Korean automaker plans to rapidly develop the production of electric cars and technology.

According to the press service of Hyundai, to 2025 it is planned to invest about 51 billion dollars just in production vehicles. This will increase the competitiveness of the brand.

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With about 17 billion dollars will be spent on the development, improvement and manufacture of standalone machines and environmentally friendly transport. The company also notes that by 2025, plans to raise the operating profit ratio from the current 5% to 8%.

Recall that a few days ago we published spy shots of the upcoming debut of the Hyundai pickup. It is known that the novelty is based on the concept of Santa Cruz and will be produced at the American plant brand in Alabama.

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