Hyundai Motor to make ElectricVehicles in Singapore: ST
Hyundai Motor will manufacture electric vehicles in Singapore starting in 2022, The Straits Times reported.[SINGAPORE] Hyundai Motor will manufacture electric vehicles in Singapore starting in 2022,The Seoul-based automaker will produce 30,000 electric cars a year at the Singapore plant, with as many as 6,000 set to be sold in the city-state, the newspaper said, citing Teo Hock Seng, executive chairman of Hyundai distributor Komoco Motors.
The first vehicle from the plant will likely be an electric compact crossover that may be called Ioniq 3, ST said, citing sources it didn't identify. Construction for the 28,000 square metre Singapore factory is set to begin in October, after delaying it from May due to the coronavirus outbreak, the paper said.
South Korea's largest automaker said earlier this month it plans to release new electric vehicles, setting a target of 10 per cent of that market in five years. The company will unveil three EV models under its Ioniq brand starting from early 2021 to 2024, with the aim of selling one million of these vehicles by 2025.
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