Hyundai takes aim at BYD with new EV and battery plant in this surging overseas market
Baua Electric
AUGUST 7, 2024
Hyundai is upping the ante on China’s leading EV maker with plans to dish out $28 million (1 billion baht) on a new EV assembly and battery plant in Thailand. BYD is leading the “Detroit of Asia’s” surging EV market, but Hyundai looks to grab its share. Hyundai will work with Thonburi Automotive Assembly Plant Co.
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