In 2023, Hyundai plans to invest $8.5 billion to bolster business.

Hyundai has announced that it will be investing US$8.5 billion in its operations in 2023.

The South Korean automaker plans to use the funds to improve and expand production facilities, R&D facilities, and worldwide operations.

Within the next five years, the company intends to increase output of electric vehicles and connected car technology.

Hyundai is committed to remaining competitive in the dynamic auto market.

Hyundai expects that it can further strengthen its position as one of the world's leading automotive companies with the help of this new investment.

The company has already made significant progress with investments like hydrogen fuel cells,

and this US$8.5 billion will help them expand into other areas like autonomous driving and artificial intelligence.