Hyundai Motor Group to invest $34.6 billion in auto and mobility technologies

October 16, 2019

Hyundai Motor Group, Seoul, South Korea, has revealed plans to invest 41 trillion won ($34.6 billion) in mobility and auto technologies by 2025, according to Automotive News. The plan is reported to include electric vehicles, ride sharing technology, autonomous and connected vehicles. 

The South Korean government has also revealed that it will invest further in autonomous vehicle technology, while South Korean companies overall are expected to invest $50 billion over the next decade in future transportation technologies. The self-driving vehicle market is expected to make up much of these investments, with South Korea’s President Moon Jae-in stating in a speech at Hyndai Motor’s research facility that this market could “revitalise the economy and create new jobs.”

A total investment of $1.4 billion is planned by the government between 2021 and 2027. Hyundai Motor is expected to launch fully autonomous cars for fleet customers in 2024, and passenger cars for the general public in 2027. 

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link