Hyundai Motor, Kia announce plans to build new EV plant in Korea
Hyundai Motor and Kia plan to start construction for a new electric vehicle (EV) plant in Korea this year after applying for a license.
Kim Dong-wook, vice president of Hyundai Motor, announced the news at the Niche Hour Forum hosted by the Korea Industry Alliance Forum (KIAF) held at the Automobile Center in Seocho District, western Seoul, on Wednesday morning.
“This year, we will start full-scale construction after applying for a license to convert internal combustion engine plants to EV plants,” Kim said. “We request the government's support for the rapid development and commercialization by shortening the licensing period and easing the conditions of the regulations.”
At the forum on the same day, Kim announced that Hyundai Motor would convert the driving test site of the company’s Ulsan plant into an EV plant. Kim also mentioned plans to convert Kia’s bumper plant in Hwaseong into a purpose-based mobility (PBV) plant to produce 150,000 cars per year.
BY LIM JEONG-WON [email@example.com]