On Wednesday, Hyundai Motor Group, based in South Korea, announced that it will hire 80,000 new workers. Additionally, it will invest 68 trillion won ($51 billion) over three years to support its development potential in the electric vehicle and new mobility market.
In a statement, the group announced that new infrastructure for electric vehicle assembly lines and research and development will receive more than half of the investment, totaling 35.5 trillion won.
The statement announced an additional 31.1 trillion won allocated for research and development on electric cars, including software-defined vehicles (SDVs) and battery technologies. This investment aims to advance the field and enhance innovation in the automotive industry.
According to the statement, 44,000 new jobs will be created in electrification, SDVs, and carbon neutrality. The majority of these positions will support future companies.
Together, Hyundai Motor Group’s affiliate Kia and parent company Hyundai Motor comprise the third-largest carmaker in the world based on sales.
The company also includes Hyundai Engineering & Construction and Hyundai Mobis, a manufacturer of automotive parts.
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