Hyundai plans to increase annual production of electric vehicles in Korea to 1.51 million units. This is about 40% of the global production of electric vehicles.
Korean automaker Hyundai Motor Group has pledged to spend about $18.2 billion by 2030 to increase production of electric vehicles. Bloomberg reported this.
Hyundai plans to increase annual production of electric vehicles in Korea to 1.51 million units. This is about 40% of the global electric vehicle production of 3.64 million units.
Note that Hyundai Motor Group includes Hyundai Motor Co., Kia Corp., the Genesis brand, and Hyundai Mobis Co. parts and service department.
The company plans to have 31 electric vehicle models in its brand portfolio by 2030, the company said. Previously, Hyundai and Genesis committed to introducing 17 battery-electric vehicles by 2030, as well as 14 models from Kia.
It can be recalled that Hyundai and its subsidiary Kia are recalling more than 570,000 vehicles sold in the United States due to the threat of a short circuit.
Hyundai introduced a “charged” crossover
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Source: korrespondent
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