Hyundai Motor Group plans to build a $1.6 billion EV manufacturing plant in South Korea
Hyundai’s new dedicated EV manufacturing plant in Ulsan, South Korea, is expected to have a capacity of up to 150,000 EVs per year
South Korean carmaker Hyundai Motor Group (Hyundai) plans to invest about $1.59 billion to build a dedicated electric vehicle (EV) manufacturing plant in the southeastern coastal city of Ulsan, South Korea, according to a news report published by The Korea Herald on May 9.
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