Hyundai, Kia agree to pump $16.5bn into EV production in South Korea
Teslarati
MAY 19, 2022
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 million vehicle capacity by 2030 would account for about 45 percent of the two companies’ global EV production volume by that year, Automotive News reports.
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