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Automobiles

Hyundai to invest $50bn to gain edge in next-gen tech

South Korean automaker bolsters spending as industry landscape shifts

The all-electric Hyundai 45 concept car at the 2019 Frankfurt Motor Show: The automaker seeks to gain ground on rivals in next-generation vehicles.   © Reuters

SEOUL -- Hyundai Motor plans to invest 61 trillion won ($51.2 billion) over the next six years, as the South Korean automaker races to overtake rivals in the field of connected, autonomous, shared and electric cars expected to dominate the industry's future.

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