Hyundai will invest US$8.5 million in its business in 2023.

Hyundai has revealed plans to strengthen its business by investing US$8.5 billion in 2023.

The South Korean manufacturer has said that the funds will be used for the improvement and growth of plants, R&D facilities, and other international activities.

Over the next five years, the business also intends to concentrate on increasing its manufacturing of electric cars and connected car technology.

Hyundai is committed to staying one step ahead of the competition in the dynamically evolving auto sector.

Hyundai is certain that this fresh investment will help it maintain its position as one of the top automakers in the world.

Hyundai has already made significant advancements in areas like hydrogen fuel cells,

so this US$8.5 billion investment will enable them to advance even farther in areas like autonomous driving and artificial intelligence.