Hyundai Motor begins construction on electric vehicle plant with 200,000 annual production capacity.
Hyundai to Invest $1.51 Billion to Build EV Factory in Ulsan Hyundai is set to invest 2 trillion won ($1.51 billion) in the construction of a massive 548,000-square-meter EV factory in Ulsan, South Korea, located about 300 kilometers southeast of Seoul. This will be Hyundai’s first domestic manufacturing plant in 29 years, following the construction…