SEOUL -- Hyundai Motor Group said on Tuesday that it will invest 24 trillion won ($18 billion) by 2030 to expand production of electric vehicles, accelerating its transition away from gasoline-powered cars.
Automobiles
Hyundai Motor Group to invest $18bn in EVs by 2030
Carmaker to expand global production to 3.6m units and Kia to build new plant
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A Hyundai Kona electric vehicle on display at the New York International Auto Show on April 5. © Reuters
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