[ad_1]
SEOUL (Reuters) – South Korea’s Hyundai Motor Co plans to speculate about 95.5 trillion gained ($79.21 billion) via 2030, the corporate mentioned on Wednesday, together with about 19.4 trillion gained in the direction of electrical automobiles (EV).
In late 2020, Hyundai Motor, which along with affiliate Kia Corp is among the many world’s high 10 greatest automakers by gross sales, mentioned it will goal a share of 8% to 10% of the worldwide EV market by 2040.
In January, Hyundai and Kia forecast a 12.1% soar of their mixed world gross sales for 2022, after their gross sales fell virtually 4% wanting a goal of 6.92 million automobiles final 12 months because of the chip shortages.
Shares in Hyundai Motor was buying and selling down 1.7% as of 0559 GMT, versus the benchmark KOSPI’s 0.5% rise.
(Reporting by Heekyong Yang and Joyce Lee; Enhancing by Clarence Fernandez and Rashmi Aich)
Copyright 2022 Thomson Reuters.
[ad_2]
Source link
