Hyundai Mobis to invest W380 bln for new EV parts plant in Ulsan

Hyundai Mobis will invest 380 billion won (US$322 million) to build a second EV parts plant near Ulsan, South Korea, as part of Hyundai Motor Group's broader plan to produce hydrogen fuel-cell electric vehicles.

“The expansion is part of Hyundai Motor Group's broader plan to produce 40,000 hydrogen fuel-cell electric vehicles by 2022 and 500,000 hydrogen cars by 2030, up from 3,000 at the end of last year.”en.yna.co.kr

• 3 sources
• en.yna.co.krHyundai Mobis to invest W380 bln for new EV parts plant | Yonhap News AgencyChoi Kyong-aeJul 25, 2019
• asiae.co.kr현대모비스, 울산 전기차 부품공장 착공…친환경 거점 구축우수연 기자Aug 28, 2019
• koreaherald.comMaking a U-turn, Hyundai Mobis to build new EV parts plant in Ulsan - The Korea HeraldCho Chung-unAug 28, 2019

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