SEOUL (Reuters) – South Korea’s Hyundai Motor Co plans to build its first fully dedicated electric vehicle (EV) factory in South Korea, targeting production by 2025, the automaker’s union said on Tuesday, citing its leader.
In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, announced its plans to invest 63 trillion won ($48.07 billion) in South Korea through 2025.
($1 = 1,310.5000 won)
(Reporting by Heekyong Yang and Byungwook Kim; Editing by Kim Coghill)
