Hyundai Motor to build dedicated EV plant in South Korea by 2025: Report
Image Credit: Hyundai
The union of Hyundai Motor said on Tuesday it has tentatively agreed with the company to build a dedicated electric vehicle (EV) plant in South Korea by 2025 amid a global electrification push. Hyundai and its union reached an agreement on the domestic EV plant in the carmaker's main Ulsan plant, 414 kms southeast of Seoul, a union spokesperson told Yonhap news agency.