Feb 23 โ€ข 04:51 UTC ๐Ÿ‡ฐ๐Ÿ‡ท Korea Hankyoreh (KR)

Hyundai Motor Group to Invest 10 Trillion Won in Saemangeum for AI, Hydrogen, and Robotics Development Over Five Years

Hyundai Motor Group is set to invest approximately 10 trillion won in the Saemangeum area by 2030, focusing on artificial intelligence, hydrogen energy, and robotics as part of its future business initiatives.

Hyundai Motor Group has announced plans to invest around 10 trillion won in the Saemangeum region of South Korea by 2030, aimed at developing a hub for future technologies such as artificial intelligence, hydrogen energy, and robotics. This investment is part of a broader strategy to enhance the company's role in these emerging sectors, with facilities including an AI data center, hydrogen production, and robotics manufacturing planned for the area. The investment plan is expected to be formally announced through a partnership agreement involving relevant government ministries.

The investment is expected to focus heavily on the establishment of high-performance AI data centers essential for processing large datasets, which are crucial for advancements in autonomous vehicles and robotics. Hyundai has been actively enhancing its capabilities in AI across various applications and technologies, reinforcing its partnerships, particularly with Nvidia, to support its development in smart manufacturing and automated driving technologies. This effort signifies a substantial shift towards integrating advanced technologies within Hyundai's operational landscape.

Hyundai Motor Group's investment initiative follows its previous commitment to invest over 125 trillion won domestically over the next five years, highlighting a significant increase in projected investments aimed at fostering growth in key innovation sectors for both the company and the South Korean economy. The expected setup of these facilities in Saemangeum not only represents an advancement for Hyundai but also positions South Korea as a competitive player in the global transition towards green energy and smart technologies, supporting local economies and job creation in the process.

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