Hyundai Autoever Plans 26% Stake in AI Data Center Joint Venture

Bitget2026/10/30 01:27

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Hyundai Autoever will invest KRW 114.61 billion for a 26% stake in a joint venture provisionally named HMG AI Factory.
The venture will provide GPU-as-a-service and cloud computing services through AI infrastructure at a data center in Saemangeum.
Cash investments will occur in six installments from 2026 through December 31, 2031, securing 1,146,080 shares.
Establishment is scheduled for November 2026, with other locations used until the Saemangeum facility is completed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyundai Autoever Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261030800265), on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hyundai Autoever Plans 26% Stake in AI Data Center Joint Venture

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