South Korean carmakers Hyundai announced this week a US$1.1 billion investment in Brazil during a meeting with President Luiz Inácio Lula da Silva at the Planalto Palace on Thursday, Agencia Brasil reported.
Hyundai In Brazil: The Group will aim to solidify itself as a leading EV brand in the Brazilian market, where competition for eco-friendly mobility will intensify, while actively pursuing growth measures for a new leap forward in the Brazilian market in ways such as seeking business opportunities using the Group’s advanced hydrogen technology.
The head of Hyundai Motor, Korea s leading automaker, recently visited Brazil and has pledged to invest $1.1 billion in the South American nation by 2032, according to the company Friday.
Hyundai Motor Chief Pledges to Invest US$1.1 Bln in Brazil by 2032 koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.