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Hyundai's $51 Billion EV Investment
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Hyundai Motor Group commits $51 billion over 3 years to boost EV and new mobility sectors, focusing on R&D for electric vehicles, software-defined vehicles, and batteries, alongside hiring 80,000 employees with a focus on electrification and carbon neutrality.
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How might Hyundai's investment impact the electric vehicle market competitiveness among major automakers?
What implications does the substantial hiring plan have on South Korea's labor market and the global automotive industry?
What specific technological advancements could result from the extensive R&D focus on software-defined vehicles and batteries?
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