Hyundai Motor says to invest $52 billion over six years


FILE PHOTO: The logo of Hyundai Motors is seen at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Hyundai Motor said on Wednesday it planned to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025.

Of the total, the South Korean company will spend about 20 trillion won on future technologies such as autonomous vehicles, it said in a regulatory filing.

Reporting by Ju-min Park and Choonsik Yoo; Editing by Kim Coghill



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