Hyundai Mobis invested nearly $8 billion in company growth
- February 14, 2023
- 0
Auto parts maker Hyundai Mobis, a unit of South Korean Hyundai, said the company plans to invest up to 10 trillion won (US$7.88 billion) in future growth by
Auto parts maker Hyundai Mobis, a unit of South Korean Hyundai, said the company plans to invest up to 10 trillion won (US$7.88 billion) in future growth by 2025.
As reported by Ukrinform, The Korea Times reports this.
By 2025, the company plans to increase local investment by about 2 trillion won over the previous plan, bringing the total to 5 to 6 trillion won. The company also plans to invest between 3 trillion and 4 trillion won externally in autonomous vehicle control, advanced driver assistance systems (ADAS) and software.
In addition, the company plans to actively invest externally in strategic mergers, acquisitions and partnerships to invest in long-term new growing businesses such as robotics based on innovative technology, as well as key technologies for future mobility such as autonomous driving and software. Hyundai Mobis.
As reported by Ukrinform, South Korean company Hyundai Motor Group has announced that it will invest 18 trillion won (US$ 13 billion) to implement advanced software on all of its cars and provide regular software update services to its customers.
Photo: “Hyundai Mobis”
Source: Ukrinform
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