Hyundai Motor to invest $87 bn in future mobility tech by 2025

Every time I see this the amounts get higher and the times get shorter. This was the first:

https://www.autonews.com/mobility-report/hyundai-motor-group...

Which reads as $34.6 billion in five years time or, $50 billion over the next decade.

I'd take all these figures with a healthy grain of salt, but Hyundai is getting excellent PR mileage out of these announcements.

"The company will spend 20 trillion won ($17.4 billion) a year"

Hyundai is big, but that is insane amount of money. They're going to have to finance a lot of it since their profit is "only" $5 billion per year.

Good on them for such bold decision.

Capitalism is (i think) about efficient allocation of resources (ie free price movement in markets are better than governments). But BigCos are so Big they are just as bad as governments - take the trophy property bid below - I mean you could parcel out that 10 billion to every HN member and I guarantee higher returns than a Seoul Real Estate bid.

So while I am sure Hyundai will spend this 87bn on car related stuff and multiplier effects etc, I just happen to think that since the money exists anyway as they are borrowing it, perhaps it should all be turned into VC funds

I mean look at SoftBank. if you took 100bn and handed it out to a million start ups globally what could you expect. Another WeWork? or better?

So - the million start up fund? Whose in?

Lovely news