Hyundai, Kia agree to pump $16.5bn into EV production in South Korea
Teslarati
MAY 19, 2022
Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. The factory ultimately would increase annual EV production in South Korea to 1.44 The vehicle will come in two packages: Advanced and Performance.
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