[Photo] Hyundai to invest US$51.26 bln into future mobility solutions over next 5 years

Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has released detailed plans for the “future mobility solutions” he has repeatedly emphasized. The plan, released on Dec. 4, includes a five-year investment of 61 trillion won (US$51.26 billion). In a meeting in October, Chung predicted that traditional vehicles will only comprise around 50% of the automobile market in the future, and that the rest will be occupied by private air vehicles and robotics. During Hyundai’s CEO Investor Day event on Dec. 4, President Lee Won-hee said the company aims to “meet rapidly changing customer demands, with a focus on smart mobility products and services over the next six years." Hyundai aims to achieve a 5% share of the global automobile market by 2025.