Hyundai will build its first South Korean EV factory

Ioniq 6 3.jpg — Hyundai is expanding its EV lineup to include models such as the Ioniq 6.

R

By:

Reuters

July 12, 2022 08:31 AM

SEOUL -- Hyundai Motor will build a dedicated electric vehicle factory in South Korea that will become its first automobile plant to open in the country in almost three decades.

Featured Stories

Nissan mulls plant closings in Japan and Mexico, reports say

The once-dominant Japanese carmaker is restructuring to address a slump in global sales and profitability in the face of rising competition from China’s fast-growing electric vehicle sector.

Nissan mulls plant closings in Japan and Mexico, reports say

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

Tariffs already hurting vehicle affordability as more price hikes loom

Michael Martinez

Tariffs already hurting vehicle affordability as more price hikes loom

Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says

Tariff costs, policy uncertainty prevent suppliers from investing in the U.S., MEMA says

Latest News

Toyota offered help to Nissan after Honda talks collapse, report says

Nissan mulls plant closings in Japan and Mexico, reports say

Musk took leased cars back so Tesla could use them as robotaxis. Instead, Tesla sold them

Aurora bringing back human backups to self-driving trucks after Paccar spat

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Top 5 stories of the week: Chinese cars expected to hit U.S. market; Ford job cuts

Japanese automakers face $19B hit from Trump’s tariffs

Yugo shows model of small car planned for 2027 production start

VW dealers, after stop-sale orders, left waiting to sell ID Buzz. Again

Staying current is easy with newsletters delivered straight to your inbox.