Shein Targets $26B-$27B Valuation for Hong Kong IPO 
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
OpenAI Tightens AI Safety Monitoring After Security Incidents 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows 
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth 
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
SK Hynix Shares Surge on Record $28.6 Billion Buyback 
Add as a preferred source on Google
Hyundai Mobis Company will invest 1 trillion won more on research and development in 2020 to boost future revenues.
The South Korean auto parts manufacturer will undertake 2,000 R&D projects involving next-generation technologies, including autonomous vehicles, which is perceived as a driver of future growth.
Other key areas of R&D investment are powertrain electrification and environmentally-friendly solutions.
Earlier expansion plans were to boost the capacity to manufacture electric parts and to develop future vehicle technologies.
Hyundai Mobis also plans to increase its workforce to 5,000.
Overall, capital expenditure is expected to increase from 1.3 trillion won last year to 1.5 trillion won this year.
Hyundai Mobis is the largest component manufacturer in South Korea, with a turnover of 38,049 billion won mainly from sales of body and chassis systems to Kia and Hyundai.
