19:58 16-11-2025

Hyundai to invest 125.2 trillion won in EVs, AI and Korean manufacturing by 2030

Hyundai unveils a record 125.2 trillion won ($86B) plan for 2026–2030, boosting EVs, AI and R&D, upgrading Korean plants, leveraging lower U.S. tariffs.

Hyundai Motor Group has announced the largest investment program in its history: from 2026 to 2030 the automaker will pour 125.2 trillion won—about $86 billion—into expanding production, advancing technologies, and modernizing plants in South Korea. The decision came immediately after the U.S.–Korea trade deal was finalized, lowering tariffs on Korean cars from 25% to 15%.

The company’s president noted that the new tariffs had raised concerns about exports and factory utilization, yet Hyundai plans to increase shipments from its Korean plants and to more than double electric-vehicle sales by 2030. The target sets a brisk pace and signals where the brand expects demand to build.

As for the breakdown, $35 billion is earmarked for AI and forward-looking initiatives, another 48.4 trillion won will go to R&D, including EVs slated for 2025–2030, and the remaining funds will be directed to streamlining manufacturing sites and constructing a new headquarters skyscraper. The strong tilt toward software and research shows how the contest for buyers is increasingly shaped by code as much as hardware.

Together, Hyundai and Kia are significantly expanding their investment plan: from 2021 to 2025 the total amounted to 89 trillion won. The company also promises support for local suppliers affected by U.S. tariff measures, a buffer that could prove vital for the wider ecosystem.