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Hyundai Motor Advances Electrification Vision with New EV-dedicated Plant in Ulsan, Building on Its Brand Heritage

Hyundai Motor holds groundbreaking ceremony at its plant complex in Ulsan where Founding Chairman Ju-yung Chung established the company's first major manufacturing base more than 50 years ago The newEV plant to build on Hyundai Motor's brand heritage while laying the foundation for the company's growth in the era of electrification New plant to occupy 548,000 m2 site with capacity to produce 200,000 EVs per year Approx. KRW 2 trillion ($1.53 billion) to be invested in the project, which will begin full-scale construction in Q4 2023 with mass production commencing in Q1 2026 SEOUL, South Korea, Nov. 13, 2023 /PRNewswire/ Hyundai Motor Company today held a groundbreaking ceremony for a new electric vehicle (EV) plant at its complex in Ulsan, the heart of Korea's automotive industry. The new EV-dedicated plant will lay the foundation for future growth in the era of electrification while building on the dream first established by Hyundai Motor's Founding Chairman more

Hyundai Motor Advances Electrification Vision with New EV-dedicated Plant in Ulsan, Building on Its Brand Heritage

Hyundai Motor Advances Electrification Vision with New EV-dedicated Plant in Ulsan, Building on Its Brand Heritage
digitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitimes.com Daily Mail and Mail on Sunday newspapers.

Hyundai Repurposes Sedan Line to Boost SUV Production Amid Rising Global Demand

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Hyundai Adapts Production Lines to Meet Soaring SUV Demand amidst Shifting Market Dynamics

Hyundai Adapts Production Lines to Meet Soaring SUV Demand amidst Shifting Market Dynamics
koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.

Second generation Hyundai Venue gets the nod for 2025 reveal

Unveiled in 2019 as Hyundai's then smallest SUV, the Venue has been approved for a second generation from 2025.

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