SEOUL -- Hyundai Motor plans to spend a record 6.7 trillion won ($4.6 billion) on research and development this year, looking to invest heavily in technologies like AI-assisted autonomous driving amid geopolitical and business headwinds.
Automobiles
Hyundai draws up record R&D budget to stay ahead of Chinese rivals
South Korean automaker to spend $4.6bn on self-driving and other technologies
Hyundai's sales in North America were up 10% in 2024. (Photo by Azusa Kawakami)
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