Hyundai’s first electric car factory in South Korea will be a reality before the end of this decade. The brand has indicated that these new facilities, which will be key in its ambitious product offensive, will be ready to start serial production in 2025.
Hyundai has accelerated its electrification process. The arrival of the new IONIQ 5 in European dealerships is just the start of an ambitious product offensive. A roadmap whose ultimate goal is to make Hyundai the reference brand for electric cars. The IONIQ 6 will be officially unveiled in a matter of days and before the end of the year it will begin its assault on dealers. But, Where will all the new Hyundai electrics be made? The South Korean manufacturer has a plan.
The company has on the agenda the launch of a long list of fully electric models. That is why it will need, in the short term, to increase its production capacity. This is where the new facilities that will be put into operation will enter the scene. Hyundai to build its first electric car factory in South Korea. A vehicle production center that will be operational in a few years.
Hyundai to start an electric car factory
Although it has not gone into particular details, Hyundai has confirmed several issues that are decisive. The first one is that we are dealing with a production center dedicated exclusively to battery electric vehicles. And the second has to do with the date on which this factory will be ready to start the activity.
It has taken nearly 30 years for Hyundai to build a new car factory on South Korean soil.. If all goes according to plan, Hyundai’s new electric car factory in South Korea will start serial production sometime in 2025. This has been pointed out by the company’s syndicate. This company commitment is the result of salary negotiations that were taking place.
It is important to remember that last May, Hyundai Motor Group (Hyundai, KIA and Genesis) announced an investment of 48.1 billion dollars in South Korea by 2025. An investment that will be crucial to materialize these new facilities.
Video comparison of the Hyundai iONIQ 5 with the Skoda Enyaq iV, two new generation electric cars
Hyundai wants to be ready for the electric car era
“Sales of internal combustion engine cars are planned to be banned in certain markets, so the new electric vehicle factory is vital to the company’s survival» said Chang Moon-su, an analyst at Hyundai Motor Securities, a subsidiary of the South Korean automaker.
In recent times, Hyundai’s unionized workers in South Korea have expressed their dissatisfaction with the company’s decision, on many occasions, to prioritize investments outside the country. Moreover, for the first time in almost half a decade, the possibility of going on strike was recently voted on.
Font: autonews