Hyundai Plans To Build EV Factory In South Korea: Reuters

by Shivani Kumaresan, Benzinga Staff Writer
July 12, 2022 8:31 AM | 1 min read |
  • Hyundai Motor Co., Ltd. HYMTF is planning to build a dedicated electric vehicle (EV) factory in South Korea, Reuters reported.
  • The facility will be the company's first automobile plant to open in South Korea in three decades.
  • The report added that production in the new site is set to begin by 2025.
  • Also Read: Hyundai Motor To Invest $10B In US By 2025
  • Price Action: HYMTF shares closed lower by 12.12% at $30.10 on Monday.
  • Photo Via Wikimedia Commons
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