Research and Development Costs of Hyundai Motors

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.

Hyundai Research and Development Costs in Billions Korean won 2010-2016
YearR&D costs in Billions Korean Won
20101388.8
20111445.3
20121631.7
20131849
20142129
20152172
20162352

Sources:

The data is sourced from the annual reports of Hyundai motors available on its investors website.

https://www.hyundai.com/worldwide/en/about-hyundai/ir/ir-overview

Abhijeet Pratap

Abhijeet has been blogging on educational topics and business research since 2016. He graduated with a Hons. in English literature from BRABU and an MBA from the Asia-Pacific Institute of Management, New Delhi. He likes to blog and share his knowledge and research in business management, marketing, literature and other areas with his readers.