Korea’s two largest automakers, Hyundai Motor Co. and Kia, announced Friday that they will invest 1.2 trillion won ($816 million) to build their first battery-dedicated research and development facilities, signaling a stronger commitment to developing batteries for their own vehicles, future mobility and robotics.
The two Hyundai Motor Group affiliates held a ceremony wishing the safe completion of the Future Mobility Battery Anseong Campus, marking the first official confirmation of the project, which is being built in Anseong, Gyeonggi Province.
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