Along with its affiliate Kia, Hyundai is the world's third-largest automaker by sales, but the South Korean giant lags in the EV sector behind Elon Musk's Tesla and Chinese firm BYD.
Hyundai is keen to break into the global EV top three, saying last year that it was aiming to boost electric car production to more than 3.6 million units by 2030.
With the 68 trillion won ($50.5 billion) investment announced Wednesday, Hyundai Motor Group said it wants to "secure future growth engines in an uncertain... Читать дальше...