New Hyundai EV Manufacturing unit Highlights Hyundai Historical past

Hyundai has constructed a brand new manufacturing unit in Ulsan, South Korea, that might be 100% devoted to 100% electrical autos. Apparently, Hyundai took the chance with this auto manufacturing unit to spotlight Hyundai’s deep automotive historical past.

The manufacturing unit will be capable of produce round 200,000 electrical vehicles a 12 months, with mass manufacturing beginning in Q1 2026. Full development begins this quarter.

Hyundai is investing KRW 2 trillion ($1.53 billion) into the venture. “The brand new EV-dedicated plant will lay the muse for future development within the period of electrification whereas constructing on the dream first established by Hyundai Motor’s Founding Chairman greater than half a century in the past,” the corporate states.

“The brand new EV-dedicated plant might be a human-centered facility with an revolutionary manufacturing platform that delivers an optimum working atmosphere for workers. The brand new plant will even be the hub for Hyundai Motor’s mobility manufacturing within the period of electrification. With the brand new plant, Hyundai Motor’s Ulsan Plant advanced will turn out to be a base of future mobility manufacturing.”

Hyundai has been seen by EV followers and followers as a number one electrical car developer and producer for the previous a number of years. The largest draw back from the corporate has been seeming lack of religion in EV demand and decrease than desired manufacturing capability. The corporate has created environment friendly, extremely desired electrical vehicles, however simply hasn’t ramped up manufacturing and gross sales as a lot as many had hoped. Maybe that’s altering with this new period of eletrification.

“I consider that Hyundai Motor will stand out as a powerhouse within the electrical car period with decisive investments. The federal government will prioritize supporting the development of the enterprise funding atmosphere, together with daring tax incentives and remove laws that inhibit financial development,” First Vice Minister of Commerce, Business and Vitality Younger-jin Jang, acknowledged concerning the information.

“The brand new EV-dedicated Plant in Ulsan is the start of a promising future for the following 50 years and the period of electrification. I’m honored to share our dream of a 100-year firm right here,” mentioned Govt Chair of Hyundai Motor Group Euisun Chung.

An electrical Genesis SUV would be the first mannequin produced on the new automobile plant.

For far more on Hyundai’s historical past main as much as this, learn the firm’s announcement.

All photographs courtesy of Hyundai Motor Group.