Korea’s Car Giant Makes $16.5 Billion EV Push

Euisun Chung, chairman of Hyundai Motor. SeongJoon Cho/Bloomberg Amid growing competition among car makers to position themselves for a low-carbon future, Hyundai Motor Group said it plans to invest a...

Korean Auto Giant Hyundai Unveils $16 Billion Plan To Accelerate Electric Vehicle Push

Hyundai Motor’s Euisun Chung. NurPhoto/NurPhoto via Getty Images South Korean auto giant Hyundai Motor plans to invest about $16 billion and roughly double its market share in the global electri...