Hyundai's $35 Billion Dollar Investment

CNN reports the automaker will spend that much on developing autonomous & electric vehicles. That's certain to have an impact on the Hyundai plant in Montgomery:

"Hyundai (HYMTF) said Tuesday it plans to release 23 kinds of electric vehicles by 2025. That would make up roughly half of its new lineup.

The automaker has a powerful partner in its efforts to transform its business. The announcement was backed by a pledge from South Korea's government to spend 2.2 trillion won ($1.9 billion) on innovative auto technology.

"Our goal is to become the number one country for future car competitiveness by 2030," President Moon Jae-in said Tuesday, speaking at a Hyundai research center."