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Hyundai Kia plans 2010 $ 9 billion global investment





Modern KIA Automotive Group recently announced that the 2010 Group global investment will reach 10.5 trillion won (about $ 90 million), an increase of 12%, refresh the Hyundai Group since its inception, the maximum investment records. The investment programme will mainly apply to the new energy-related science and technology research, development and construction of the factory's hardware facilities.

现代起亚计划2010年全球投资90亿美元

Although the United States has been described as the "Fortune" in the "speeding ahead", but the modern automobile global expansion steps still accelerating. In fact, since 2008, the financial tsunami, the General Motors, Toyota car global top Auto Group worked in the field of "Holocaust" suffered, such as modern automobiles, mass automobiles to figure so "transcendence" vendor provides a rare opportunity.

To this end, the 2010 Hyundai Motor's global production and sales targets climbed to $ 540 million, global investment la high to about 90 million. Among them, will have 40 million invested in research and development of environmentally-friendly cars, to expand the hybrid cars of varieties, the promotion of electric vehicle production, realization of the commercialization of fuel cell vehicles. In 2010, will first complete Sonata (Gallery Forum) level gasoline hybrid electric vehicle development and North American markets; 2011, electric and diesel hybrid vehicle volume production of sales and consumer-oriented.

At the same time, the Hyundai group will spend about $ 5 billion, is used to create high-performance engine, gearbox factory. In addition, will continue to be integrated into modern iron and steel plant investment, and ultimately to high-quality automobile plate, connection of raw materials, spare parts, car of integrated production system, the Group internal synergy.

And regional models put , modern stakeholders KIA, said the group will be faster and more consistent with the needs of consumers China, local development of cars imported into China market.

[Edit: yiyangcai]