ULSAN, South Korea -- Hyundai Motor broke ground on a 2 trillion won ($1.5 billion) dedicated electric vehicle plant at its factory complex here on Monday, part of the automaker's plans to increase group EV sales to 3.64 million units in 2030.
Automobiles
Hyundai breaks ground on $1.5bn South Korean EV plant
Automaker aims to boost sales of electrics tenfold by 2030
Hyundai's EV plant will be the company's first new factory in South Korea in 29 years. (Image courtesy of Hyundai Motor)
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