Hyundai Motor, the world's largest automaker, plans to invest more than $85.4 billion
Date: 2023-06-20 Author: Евгений Облакевич Categories: WORLD, TECHNOLOGY
About this, with reference to Reuters, reports the publication Economic Truth. it is reported that the plans include: an increase in the production of cars from 0.7% to 75%; also increasing local production of cars in three key markets: the US, the EU and South Korea, since, according to the company, the governments of an increasing number of countries are introducing tax breaks for the production of electric vehicles and for the development of this market; the company also plans to continue further restructuring of Chinese production.
Having sold, in addition to the already existing one plant, two more, because Hyundai, whose business in China is going through hard times, wants to focus on, wants to focus on the highest profitability; also Hyundai Motor promised to present the development of new lithium-iron-phosphate batteries, which, according to preliminary calculations, contributed to the introduction of electric vehicles around the world and especially in China - it is also planned that 70% of all batteries will be produced in-house or in factories enterprises in common with them.
It is also expected that the company will encourage and collaborate with start-ups to further produce the next generation of batteries that Hyundai plans to use in the production of its future electric vehicle models.
Having sold, in addition to the already existing one plant, two more, because Hyundai, whose business in China is going through hard times, wants to focus on, wants to focus on the highest profitability; also Hyundai Motor promised to present the development of new lithium-iron-phosphate batteries, which, according to preliminary calculations, contributed to the introduction of electric vehicles around the world and especially in China - it is also planned that 70% of all batteries will be produced in-house or in factories enterprises in common with them.
It is also expected that the company will encourage and collaborate with start-ups to further produce the next generation of batteries that Hyundai plans to use in the production of its future electric vehicle models.
