Crawley Mela

Main Menu

  • Home
  • Export-Import Bank
  • S&P 500 Index
  • External market
  • Pooling of interests
  • Financial Affairs

Crawley Mela

Header Banner

Crawley Mela

  • Home
  • Export-Import Bank
  • S&P 500 Index
  • External market
  • Pooling of interests
  • Financial Affairs
S&P 500 Index
Home›S&P 500 Index›South Korea’s Hyundai Motor plans to invest $79.2 billion through 2030

South Korea’s Hyundai Motor plans to invest $79.2 billion through 2030

By Pia
March 2, 2022
0
0

Visitors take photos in front of the Hyundai Motor logo during the 2019 Seoul Motor Show in Goyang, South Korea March 28, 2019. REUTERS/Kim Hong-Ji

Join now for FREE unlimited access to Reuters.com

Register

SEOUL, March 2 (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) plans to invest about 95.5 trillion won ($79.21 billion) through 2030, the company said on Wednesday. about 19.4 trillion won in electric vehicles (EV).

At the end of 2020, Hyundai Motor, which together with its subsidiary Kia Corp (000270.KS) is among the world’s 10 largest automakers by sales, said it would aim for an 8-10% share of the global market. electric vehicles by 2040.

In January, Hyundai and Kia forecast a 12.1% increase in their combined global sales for 2022, after sales fell nearly 4% from a target of 6.92 million vehicles last year in due to the shortage of chips. Read more

Shares of Hyundai Motor were trading down 1.7% at 0559 GMT, against the benchmark KOSPI (.KS11) rise of 0.5%.

($1 = 1,205.6800 won)

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Heekyong Yang and Joyce Lee; Editing by Clarence Fernandez and Rashmi Aich

Our standards: The Thomson Reuters Trust Principles.

Related posts:

  1. Dr. James S. Reef 1934-2021 | Information, Sports activities, Jobs
  2. 5 issues to find out about new Cowboys S Damontae Kazee, together with his ball peddling abilities
  3. How New York’s inhabitants skilled says the town will bounce again
  4. King, Carol S. 1943-2021 Waxahachie, Texas | Obituary

Categories

  • Export-Import Bank
  • External market
  • Financial Affairs
  • Pooling of interests
  • S&P 500 Index
  • Privacy Policy
  • Terms and Conditions