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Cars Hyundai Published by J. Doe

Hyundai Motor Unveils 'Strategy 2025' Roadmap to Transition into 'Smart Mobility Solution Provider'

SEOUL, December 3, 2019 – Hyundai Motor Company today announced a bold roadmap to secure its position as a frontrunner in the future mobility industry.

The Smart Mobility Device business will supply products optimized for the services and lay the groundwork to help foster the service business. On the other hand, the Smart Mobility Service business will provide personalized contents and services on the devices to help secure a broader customer base.

(1) Smart Mobility Device Over a six-year period from 2020 through 2025, the company will invest a total of KRW 61.1 trillion, or roughly KRW 10 trillion per year, in R&D and future core technologies to smooth its transition into a Smart Mobility Solution Provider. In particular, KRW 41.1 trillion will be allocated for product and capex to enhance competitiveness in existing businesses, while approximately KRW 20 trillion will be dedicated to future technologies including electrification, autonomous driving, AI, robotics, PAV, and new energy area.

Original article

Jan 24, 2020 at 23:28

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