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

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

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

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

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

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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.

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

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

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