Hyundai Mobis to establish dedicated EV module plant in South Korea
Construction of the new plant to be completed by late 2025
Hyundai Mobis has announced plans to build a dedicated electric vehicle (EV) module plant in Ulsan, South Korea, The Korea Herald reported on 9 May. The initiative, which involves an investment of around 90 billion Korean won ($65 million), is set to be completed by late 2025.
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