S Korea's Hyundai Motor plans to invest $16b in EV push

S Korea's Hyundai Motor plans to invest $16b in EV push

REUTERS/Kim Hong-Ji

South Korea’s Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses.