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 factory ultimately would increase annual EV production in South Korea to 1.44
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