Hyundai announces construction of electric-only factory in Korea

The Hyundai Group wants to become one of the leading players in the electric age. After announcing the cessation of the development of thermal engines, Hyundai has all its commitment focused on electric cars. To achieve its objective, it needs to modify its productive infrastructure. Hyundai has just announced that it will build its first factory dedicated to electric cars in South Korea, the first plant they raise in their homeland in 27 years. A very special moment that will start in 2025.

Right now The Hyundai Group has 10 factories spread all over the world: Europe, Russia, Turkey, India, Brazil, the United States, China, and of course, South Korea.r. On their own land they have three large production centers: Ulsan, Asan and Jenjou. In the coming years, a fourth plant will be added, although for the moment it has not been communicated where the first specific factory for electric cars of the Korean conglomerate will be built.

The important announcement adds to the strategy that KIA / Hyundai have been implementing for years. With an ever-increasing electric and electrified offer, in the coming years the offer will grow with the addition of new units. The Hyundai Ioniq 6 has recently been presented, and in a few months the Hyundai Ioniq 7 should make an appearance. At KIA, the electric family will also grow beyond the current KIA EV6, although in that case it will focus on specific versions such as the new KIA Niro EV.

The future KIA/Hyundai range will offer a wide range of 100% electric models

The last vehicle factory Hyundai opened in Korea was in 1998. The start of the works will not be immediate, but it is expected that the factory will be operational throughout the course of 2025. That means that construction should start at the end of this year or the beginning of next if the deadlines are to be met. The land will house all the necessary facilities for in-house manufacturing, from body and paint shops to assembly lines to battery facilities.

This will not be the only factory that Hyundai builds in the coming years. In May of this same year, the Koreans announced a investment of 5,500 million dollars to build a battery and electric car factory in the State of Georgia, in United States. The American plant should begin construction throughout the first quarter of 2023, although commercial production will not start until spring 2025, almost coinciding in time with the Korean facilities.

In a few years the Hyundai Group has gone from being considered a second-rate manufacturer to one of the most important and influential groups in the industry. With a long history of electric and electrified cars behind them, Kia and Hyundai offer attractive products with good value for money. In the coming years the Ioniq and EV range will grow, making the new factories that are going to rise essential.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button