According to Reuters, Hyundai Motor Co. said on the 16th that it plans to enter the commercial vehicle market in the US and Europe. It is expected that there will be stronger growth in this area. Hyundai Motor did not state the time to take the above action.
Hyundai Motor also said it plans to invest 400 billion won (about 2.26 billion yuan) to increase the capacity of the statewide commercial vehicle plant, and by 2020 will increase its annual production capacity from the current 65,000 vehicles to 54 million to 100,000.
Hyundai Motor also plans to invest 1.6 trillion won for commercial vehicle research and development.
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