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By Heekyong Yang
SEOUL (Reuters) -Hyundai Motor Group mentioned on Wednesday it plans to take a position a complete of 21 trillion received ($16.54 billion) via 2030 for the enlargement of its electrical automobile (EV) enterprise in South Korea.
The South Korean auto group, which homes Hyundai Motor Co and Kia Corp, plans to yearly construct 1.44 million models of EVs in South Korea by 2030.
The 1.44 million models of EV manufacturing quantity in South Korea would account for about 45% of a mixed world EV manufacturing capability of three.23 million EV models in 2030, the auto group mentioned in a press release.
Final 12 months, Hyundai Motor Group mentioned it plans to take a position $7.4 billion in america https://www.reuters.com/enterprise/autos-transportation/hyundai-motor-invest-74-bln-us-by-2025-2021-05-13 by 2025 to supply EVs, improve manufacturing services and additional its funding in sensible mobility options – expertise to enhance totally different modes of transportation in cities.
($1 = 1,269.6400 received)
(Reporting by Heekyong Yang; Enhancing by Jacqueline Wong)
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