Hyundai focuses on EVs, mobility services in $52B investment plan

The “Strategy 2025” roadmap aims to place Hyundai among the world’s top three makers of battery and fuel cell vehicles, with annual sales of 670,000 electric cars, comprising 560,000 full-electric and 110,000 fuel-cell vehicles.

The goal is to electrify most new models by 2030 in key markets such as the U.S., Europe, China and Korea, with emerging markets such as India and Brazil following suit by 2035, Hyundai said on Wednesday.