Hyundai Motor Group to Outlays USD 18 Billion in South Korean EV Industry
The investment plan by the group by Hyundai Motor Co, Kia Corp and Hyundai Mobis Co Ltd, President Yoon Suk Yeol visited an avant-garde ceremony for Kia's first designated EV plant.
April 12, 2023. By EI News Network
The investment plan by Hyundai Motor Co, Kia Corp and Hyundai Mobis Co Ltd, President Yoon Suk Yeol visited an avant-garde ceremony for Kia's first designated EV plant.
The Presidential office Yoon stated its commitment towards all-inclusive steps to support South Korea's auto industry better way to ready for transformation in the first half of this year.
This new plant is the auto group's first plant in the country in about three decades, is set to commence its production in 2025.
Hyundai along with subsidiaries Kia and Genesis intends to utilise the huge investment to elevate its EV production. The South Korean automanufacturer is notably selected as global automanufacturers that have already working towards a present and future portfolio structure of captivating electric cars.
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