SEOUL -- South Korea's Hyundai Motor said on Tuesday that it will invest 109.4 trillion won ($85.1 billion) by the end of 2032, with a third of that spent on accelerating its electric vehicle business.
Automobiles
Hyundai says to invest $85bn by 2032 with focus on EVs
South Korean automaker developing new platform to cut production costs
Hyundai Motor is ramping up investment in electric vehicle development amid increasing global competition. © EPA/Jiji
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