The world’s third largest automaker by volume, Hyundai Motor Group is investing in areas including hydrogen and electric vehicles.

South Korea's Hyundai Motor Group said on Thursday it planned to boost domestic investment by 19% to a record high of 24.3 trillion won ($16.65 billion) this year to secure future growth even as it grapples with economic and political uncertainties.

The world’s third-largest auto group is going all-in to lead the shift to electrification. With plans to pour a

South Korea's Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies.

Since re-entering the market in early 2022, Hyundai has only introduced several vehicles in Japan, including the IONIQ 5, Kona Electric, and Nexo FCEV. The Inster EV is Hyundai’s fourth electric car,

Hyundai Motor (OTC:HYMTF) is launching its most affordable compact electric vehicle (EV) in Japan, the Hyundai Inster, aiming to break into a market dominated by local automakers like Toyota (NYSE:TM) and Honda