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      Hyundai Motor company plans on investing about $73 billion by 2018

      Nikhil Puthran

      Nikhil Puthran

      Hyundai has been brand that has stood strong amongst a list of globally popular automakers. To continue meeting customer expectations and stay upgraded with times, Hyundai plans on investing about $73 billion in South Korea over the next four years for building of new headquarters, expanding production capacities and developing new vehicles.

      Hyundai Motor company plans on investing about $73 billion by 2018
      Hyundai Motor company plans on investing about $73 billion by 2018
       

      Hyundai Motor shall reportedly invest about 49.1 trillion won on capital investment whereas about 31.6 trillion won would be invested in research and development by 2018. A statement released by the company in this regard reads, “By investing such a record amount, we are planning to focus on securing core technologies in environmentally-friendly cars, smart cars and other next-generation cars.”

      The company shall also spend about two trillion on the Internet-enabled smart cars. Moreover, the company shall also hire about 7,000 new researchers and engineers who shall aid with development of modern technology.

      Hyundai