Hyundai Motor to unveil multi-billion-dollar investment in South Korea, source says
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Hyundai Motor Group is set to announce a multi-billion-dollar investment in South Korea's west coast, focusing on AI for autonomous driving and robotics. Shares of Hyundai and Kia surged by 10.5% and 15%, respectively, following reports of a potential 10 trillion won ($7 billion) investment over five years. This plan includes robotics, an AI data center, and hydrogen infrastructure, part of a broader commitment to invest 125.2 trillion won from 2026 to 2030. The initiative aligns with South Korean President Lee Jae Myung's push for investments outside Seoul.
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