(News Focus) Hyundai Motor steps up physical AI push amid Chinese competition, stock slump
Yonhap News Agency · Kim Eun-jung ·
UIWANG, South Korea, Oct. 18 (Yonhap) -- Seeking to remain competitive against f...
By Kim Eun-jung
UIWANG, South Korea, Oct. 18 (Yonhap) -- Seeking to remain competitive against fast-growing Chinese automakers and find new sources of growth amid a sharp retreat in its share price, Hyundai Motor Group is stepping up its push into robotics and physical artificial intelligence (AI).
The move comes as the world's third-largest automotive group faces growing pressure to improve profitability in its conventional carmaking business amid intensifying competition in the global electric vehicle (EV) market, particularly from lower-priced Chinese models.
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