16.2 trillion won investment in electrification and eco-friendly sectors
8.9 trillion won investment in connectivity, autonomous driving, etc.

Hyundai Motor Group is investing a large budget in new future technologies such as electrification and connectivity.

Hyundai Motor, Kia, and Hyundai Mobis (hereinafter the three companies) announced on the 24th that they will focus on advancing new future technologies, including connectivity, autonomous driving, and mobility, as well as electrification and eco-friendly businesses, which are key to future growth engines.

The three companies plan to secure a technological advantage by investing a total of 16.2 trillion won in all areas of electrification and eco-friendliness, including pure electric vehicles, hydrogen electric vehicles, and plug-in hybrids.

To expand domestic pure electric vehicle production capacity, the company is pursuing the establishment of a dedicated PBV electric vehicle factory, the gradual establishment of a mixed production system for internal combustion engine vehicles and electric vehicles, and the expansion of dedicated electric vehicle lines in existing factories, while focusing investment on the development of core components and advanced technologies, high-performance electrified products, and the construction of research facilities.

Through this, we are pursuing the enhancement of integrated product competitiveness by diversifying the lineup of electrified and eco-friendly products, advancing PE (Power Electric) systems such as batteries and motors which are key to product performance, and developing technologies to increase the driving range on a single charge (AER, All Electric Range).

With the mass adoption of pure electric vehicles anticipated, efforts to secure a dedicated next-generation platform are also accelerating..

In 2025, the company will introduce the 'eM' platform, dedicated to passenger electric vehicles, and the 'eS' platform, dedicated to PBVs, developed under the 'Integrated Modular Architecture (IMA)' system.

In the infrastructure sector, which is a core foundation for the adoption of electric vehicles, such as charging solutions and customer services, we plan to build 5,000 ultra-fast chargers in Korea by 2025 through collaboration with external partners.

We are also pursuing various new businesses in areas such as batteries, charging, and UBESS (Used Battery Energy Storage System), which utilizes end-of-life batteries as energy storage devices.

Korea's first dedicated new-concept PBV electric vehicle factory with an annual capacity of up to 150,000 units will be built at Kia Autoland Hwaseong, with the goal of mass production in the second half of 2025.

In the hydrogen business sector, we are committed to developing technologies for improving efficiency and reducing costs in fuel cell systems, alongside next-generation products such as passenger cars, buses, and trucks, and expanding infrastructure for dedicated component research facilities.

We are also pursuing demonstration projects for the widespread application of fuel cell systems and active investment in external startups to strengthen hydrogen-related source and component technologies.

The three companies will invest 8.9 trillion won to develop new future technologies and pursue new businesses, including connectivity, autonomous driving, mobility services, and AI.

In the connectivity sector, we focus on advancing software technologies for the development of future smart cars, including OTA updates, controller integration, server-side voice recognition, and enhanced location-based personalized services.

In the field of autonomous driving, including vehicle controllers, sensors such as LiDAR and cameras, and redundancy to prepare for emergency situations upon the commercialization of autonomous driving technologyAccelerating the development of Level 4 autonomous driving element technologies, such as dual safety systems.

In the mobility service sector, we are pursuing the development of device concept models and physical products such as PBVs, robotrucks, and shuttles, and in the artificial intelligence (AI) sector, we are internalizing software technologies to support various new future businesses.

38 trillion won will also be invested in internal combustion engine vehicles, which will account for about 80% of Hyundai Motor and Kia's total sales in 2025, for preliminary research and vehicle performance.

"We plan to strengthen our global business competitiveness centered on Korea through intensive domestic investment," said a Hyundai Motor Group official. "We will provide differentiated products and highly satisfying services to customers through continuous domestic investment in existing businesses, as well as investments in future new businesses, technologies, and electrification, and lead the paradigm shift in the automotive industry."