Hyundai Motors Research and Development Expenses
Research and development is an important focus at Hyundai Motors. The automotive industry has grown highly competitive in the 21st century and brands are investing heavily in research and development so as to bring to market new technologies and products that improve the user experience and keep their businesses ahead of competition. Hyundai Motors has established several R&D centers both domestically and globally to carry out research and innovation. In 2017, it spent 2352 Billion Korean Won or 2.2 Billion US dollars on research and development. Check out the table below for the investment that Hyundai Motors has made into research and development over the period from 2010 to 2016.
|Year||R&D costs in Billions Korean Won|
The data is sourced from the annual reports of Hyundai motors available on its investors website.