SEOUL -- Hyundai Motor's decision to build a new electric vehicle factory in South Korea as part of a tentative deal with its strike-threatening labor union was welcomed by investors, analysts and local media on Wednesday, as the automaker aims to lead the global EV market.
Transportation
South Korea welcomes Hyundai's electric vehicle investment plan
Commitment to build first domestic all-EV plant helps avert possible strike
Hyundai Motor is betting on a future of strong demand for electric vehicles, with plans for new factories in the U.S. and South Korea. © AFP/Jiji
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