Hyundai Motor Group to invest $13 bn in mobility software development

Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services.

The South Korean carmaker has decided to make the massive software investment to launch most of its new vehicles as “software defined vehicle (SDV)” in global markets from 2025, Hyundai said in a statement.

Hyundai Motor Group aims to regularly update the performance and function of all vehicles to be sold globally from 2025 as it seeks to morph into a future mobility solutions provider, reports Yonhap news agency.