Hyundai to halt Asan plant until next February for EV plant construction

Asian Tech Press (Nov 27) -- South Korea's Hyundai Motor plans to shut down its Asan plant until February next year in order to build its electric car plant.

Hyundai said in a regulatory filing Monday that it will shut down operations at its Asan plant in South Korea, to build an electric car factory between Dec. 31, 2023 and Feb. 13, 2024.

The automaker said it will resume operations at the Asan plant on Feb. 14 next year.

Earlier this month, Hyundai broke ground on a 2 trillion won ($1.52 billion) electric vehicle plant in Ulsan, the southeast of South Korea.

And the plant is due to begin mass production of EVs in the first quarter of 2026, with an annual capacity of 200,000 units.

Related Topics

You must be login to post a comment.