Hyundai's $52 Bilion Bet on EVs
Massive R&D Investment in Electric Cars, Autonomous Cars, Flying Cars Source: Hyundai Kona EV Delivering Future of Mobility by 2025 Hyundai is pouring $52 billion into the development of electrics cars, self-driving cars, flying cars, robotics for them and an "ecosystem of mobility". The South Korean automaker says it wants to be a frontrunner in the future mobility industry. By 2025, Hyundai wants to trade in the name "automaker" for "smart mobility solution provider". Ecosystem of Mobility Hyundai is the parent company of Kia and Hyundai. The $52 billion R&D investment will go into two strategic areas. One is more futuristic personal mobility vehicles like flying cars. The other is accelerating traditional autos forward with electrification, self-driving systems, robotics and "last mile mobility". By that Hyundai wants to combine products and services to deliver an "ecosystem of mobility" in the next decade. ...