Future Tech

Hyundai Motor to build first fully dedicated EV factory in S.Korea - union

Tan KW
Publish date: Tue, 12 Jul 2022, 09:34 AM
Tan KW
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Future Tech

SEOUL - South Korea's Hyundai Motor Co plans to build its first fully dedicated electric vehicle (EV) factory in South Korea, targeting production by 2025, the automaker's union said on Tuesday, citing its leader.

In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, announced its plans to invest 63 trillion won ($48.07 billion) in South Korea through 2025.

 


  - Reuters

 

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