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

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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 new EV plant to build on Hyundai Motor's brand heritage while laying the foundation for the company's growth in the era of electrificationNew plant to occupy 548,000 m2 site with capacity to produce 200,000 EVs per yearApprox. 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 2026View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hyundai-motor-advances-electrification-vision-with-new-ev-dedicated-plant-in-ulsan-building-on-its-brand-heritage-301985864.html