Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions.
Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said Thursday that Hyundai and Kia will invest in growing its electronic manufacturing footprint to scale production and satisfy U.S. market demands. Hyundai Motor will offer a variety of American-made electric vehicles to U.S. consumers starting next year.
Hyundai Motor Group will create a subsidiary in Washington D.C. to spearhead its urban air mobility businesses. In addition, Hyundai and its partner Aptiv will use their joint venture, Motional, to commercialize driverless technology. Motional received a driverless license in Nevada and plans to commercialize robotaxi service there in 2023 along with its partner Lyft. Motional has started testing Hyundaiâs all-electric IONIQ 5 equipped with advanced autonomous driving technology on public roads.
The company wants to make electronic vehicles, enhance production facilities and invest in smart mobility solutions.
May 13th, 2021
This July 26 2018 file photo shows the logo of Hyundai Motor Co. in Seoul, South Korea. Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions. Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said Thursday, May 13, 2021, that Hyundai and Kia will invest in growing its electronic manufacturing footprint to scale production and satisfy U.S. market demands.
AP Photo/Ahn Young-joon, File
Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions.
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May 3, 2021
Retail traders who drove record gains in South Korean stocks during the darkest days of the pandemic have been bracing for a new threat the return of institutional players betting on share-price declines.
The world’s longest ban on short-selling stocks came to an end Monday, with stocks fluctuating between gains and losses. Nevertheless, the end of the ban has individual investors scrambling for strategies to protect their portfolios.
Some have cashed out large chunks of their holdings over recent weeks, while others are toying with the idea of trying short selling themselves. One influential group, the Korea Stockholders Alliance, even vowed to gather day traders into a force to fight short-sellers much the same way their U.S. peers took on Wall Street over GameStop Corp. if equities begin to tumble.