South Korea’s Hyundai Motor announced today that the company plans to invest a total of about 109.4 trillion won by 2032 in automobile research and development, of which about 358,000 won billion won will be used for pure electric vehicles (EV).
Hyundai Motor said in a statement on the company’s investor day that the company plans to increase the localization of electric vehicles in the United States. By 2030, the proportion of localized production will increase from 0.7% to 75%. largest sales market.
In terms of sales goals, Hyundai Motor stated that it hopes to achieve annual sales of 2 million electric vehicles by 2030, and plans to achieve profitability of electric vehicles of more than 10% in the same year.
It was previously reported that the 2022 model of the IONIQ 5 electric SUV, the first mass-produced model of Hyundai’s exclusive electric car brand IONIQ, was exposed to insufficient power in the United States. The company has admitted that the problem exists and said it will push the software next month Update, if necessary, will replace the corresponding parts for the owner.
