HYMTF - Hyundai Rides High On EV Dream Breaks Ground On $1.53B Plant In South Korea | Benzinga
Hyundai Motor Co (OTC: HYMTF) broke ground on a new electric vehicle (EV) plant at its complex in Ulsan, South Korea.
The new plant, spanning around 548,000 m2 site, will have a capacity to produce 200,000 EVs annually.
Hyundai has invested KRW 2 trillion ($1.53 billion) in the project, which will begin full-scale construction in Q4 2023.
Hyundai plans to start mass production from the plant in Ulsan in Q1 2026, with construction expected to end ...