SEOUL (Reuters), – Hyundai Motor Group stated Tuesday that they plan to invest 63 trillion won ($49.86billion) in South Korea between now and 2025 to improve their competitiveness in a variety of business areas including electric mobility, autonomous driving, and urban air mobility.

On Sunday, the South Korean auto company announced plans to invest over $10 billion in America by 2025 in order to improve collaboration with American firms in advanced technology. This includes its $5.5 million investment in new electric vehicles and batteries in Georgia.