Hyundai Motor Group enters race to develop self-driving cars with a US$35 billion investment in future automotive tech

KOREA – Hyundai Motor Group, South Korea’s top automaker has revealed its plans to invest US$34.65 billion (41 trillion won) in mobility technology and strategic investments by 2025. The investment will enable the automaker to accelerate its attempts to catch up in the self-driving car race that already has major car manufacturers like Volkswagen, General Motors, BMW and Toyota. The plan, which Hyundai said encompassed autonomous, connected and electric vehicles, comes after the company and two of its affiliates announced an investment of $1.6 billion in a joint venture with…

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