{"id":23289,"date":"2023-11-13T07:08:00","date_gmt":"2023-11-13T07:08:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4266305_AE66305_0"},"modified":"2023-11-13T07:08:00","modified_gmt":"2023-11-13T07:08:00","slug":"hyundai-motor-advances-electrification-vision-with-new-ev-dedicated-plant-in-ulsan-building-on-its-brand-heritage","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=23289","title":{"rendered":"Hyundai Motor Advances Electrification Vision with New EV-dedicated Plant in Ulsan, Building on Its Brand Heritage"},"content":{"rendered":"\n<ul type=\"disc\">\n<li>Hyundai Motor holds groundbreaking ceremony at its plant complex in Ulsan where Founding Chairman Ju-yung Chung established the company&#8217;s first major manufacturing base more than 50 years ago&nbsp;&nbsp;<\/li>\n<li>The new&nbsp;EV plant to build on Hyundai Motor&#8217;s brand heritage while laying the foundation for the company&#8217;s growth in the era of electrification<\/li>\n<li>New plant to occupy <span class=\"xn-money\">548,000 m<\/span><sup>2<\/sup> site with capacity to produce 200,000 EVs per year<\/li>\n<li>Approx. <span class=\"xn-money\">KRW 2 trillion<\/span> (<span class=\"xn-money\">$1.53 billion<\/span>) to be invested in the project, which will begin full-scale construction in Q4 2023 with mass production commencing in Q1 2026<\/li>\n<\/ul>\n<p><span class=\"xn-location\">SEOUL, South Korea<\/span>, <span class=\"xn-chron\">Nov. 13, 2023<\/span> \/PRNewswire\/ &#8212; Hyundai Motor Company today held a groundbreaking ceremony for a new electric vehicle (EV) plant at its complex in Ulsan, the heart of Korea&#8217;s automotive industry. The new EV-dedicated plant will lay the foundation for future growth in the era of electrification while building on the dream first established by Hyundai Motor&#8217;s Founding Chairman more than half a century ago.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274633\/1__Photo_9__Group_Photo_2.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274633\/1__Photo_9__Group_Photo_2.jpg?p=medium600\" title=\"(the eighth from left) Euisun Chung, Executive Chair of Hyundai Motor Group; (the sixth from left) Jaehoon Chang, President and CEO of Hyundai Motor Company; (the seventh from left) Youngjin Jang, First Vice Minister of the Ministry of Trade, Industry and Energy; (the ninth from left) Doo-gyeom Kim, Ulsan Metropolitan City Mayor; (the fourth from left) Giorgetto Giugiaro, Legendary Modern Automotive Designer;\" alt=\"(the eighth from left) Euisun Chung, Executive Chair of Hyundai Motor Group; (the sixth from left) Jaehoon Chang, President and CEO of Hyundai Motor Company; (the seventh from left) Youngjin Jang, First Vice Minister of the Ministry of Trade, Industry and Energy; (the ninth from left) Doo-gyeom Kim, Ulsan Metropolitan City Mayor; (the fourth from left) Giorgetto Giugiaro, Legendary Modern Automotive Designer;\" \/> <\/a> <br \/><span>(the eighth from left) Euisun Chung, Executive Chair of Hyundai Motor Group; (the sixth from left) Jaehoon Chang, President and CEO of Hyundai Motor Company; (the seventh from left) Youngjin Jang, First Vice Minister of the Ministry of Trade, Industry and Energy; (the ninth from left) Doo-gyeom Kim, Ulsan Metropolitan City Mayor; (the fourth from left) Giorgetto Giugiaro, Legendary Modern Automotive Designer;<\/span><\/p>\n<\/p><\/div>\n<p>&quot;The new EV-dedicated Plant in Ulsan is the beginning of a promising future for the next 50 years and the era of electrification. I am honored to share our dream of a 100-year company here,&quot; said Executive Chair Chung. &quot;Just as the dream of building the best car in the past made Ulsan an automotive city today,&nbsp;I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.&quot;<\/p>\n<p>The new EV-dedicated plant will be a human-centered facility with an innovative manufacturing platform that delivers an optimal working environment for employees. The new plant will also be the hub for Hyundai Motor&#8217;s mobility production in the era of electrification. With the new plant, Hyundai Motor&#8217;s Ulsan Plant complex will become a base of future mobility production.<\/p>\n<p>More information about Hyundai Motor and its products can be found at:<\/p>\n<p><a href=\"https:\/\/www.hyundai.com\/worldwide\/en\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.hyundai.com\/worldwide\/en\/<\/a>&nbsp;or <a href=\"https:\/\/urldefense.com\/v3\/__https:\/www.hyundai.com\/worldwide\/en\/company\/newsroom.release.all.latest__;!!N96JrnIq8IfO5w!igBR1-UORA8W-ynP9DfEJKH1WJyn3r3a-knXTqfhLzvnXdzyagg2UTTJMW1VO6VlMHkPC0FVXA-G$\" target=\"_blank\" rel=\"nofollow noopener\">Newsroom: Media Hub by Hyundai<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274634\/2___Photo_6__Executive_Chair_Euisun_Chung_1.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274634\/2___Photo_6__Executive_Chair_Euisun_Chung_1.jpg?p=medium600\" title=\"Euisun Chung, Executive Chair of Hyundai Motor Group\" alt=\"Euisun Chung, Executive Chair of Hyundai Motor Group\" \/> <\/a> <br \/><span>Euisun Chung, Executive Chair of Hyundai Motor Group<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274635\/3___Photo_1__Virtual_Image___Bird_s_Eye_View_of_the_New_EV_dedicated_Plant_in_Ulsan__1.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274635\/3___Photo_1__Virtual_Image___Bird_s_Eye_View_of_the_New_EV_dedicated_Plant_in_Ulsan__1.jpg?p=medium600\" title=\"Virtual Image - Bird's Eye View of the New EV-dedicated Plant in Ulsan\" alt=\"Virtual Image - Bird's Eye View of the New EV-dedicated Plant in Ulsan\" \/> <\/a> <br \/><span>Virtual Image &#8211; Bird&#8217;s Eye View of the New EV-dedicated Plant in Ulsan<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274636\/4___Photo_11__Hyundai_New_EV_dedicated_Plant_in_Ulsan_Groundbreaking_Ceremony__Onsite_Photo_1.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274636\/4___Photo_11__Hyundai_New_EV_dedicated_Plant_in_Ulsan_Groundbreaking_Ceremony__Onsite_Photo_1.jpg?p=medium600\" title=\"Hyundai New EV-dedicated Plant in Ulsan Groundbreaking Ceremony\" alt=\"Hyundai New EV-dedicated Plant in Ulsan Groundbreaking Ceremony\" \/> <\/a> <br \/><span>Hyundai New EV-dedicated Plant in Ulsan Groundbreaking Ceremony<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274637\/5__Photo_2__Cortina__the_first_model_assembled_in_Ulsan_Plant.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274637\/5__Photo_2__Cortina__the_first_model_assembled_in_Ulsan_Plant.jpg?p=medium600\" title=\"Cortina, the first model assembled in Ulsan Plant\" alt=\"Cortina, the first model assembled in Ulsan Plant\" \/> <\/a> <br \/><span>Cortina, the first model assembled in Ulsan Plant<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274638\/6___Photo_3__The_restored_Pony_Coupe_concept.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274638\/6___Photo_3__The_restored_Pony_Coupe_concept.jpg?p=medium600\" title=\"Restored Pony Coupe Concept\" alt=\"Restored Pony Coupe Concept\" \/> <\/a> <br \/><span>Restored Pony Coupe Concept<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274639\/7__Photo_4__The_Workers__Room___with_the_personal_belongings_and_facilities_from_former_employees_of.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274639\/7__Photo_4__The_Workers__Room___with_the_personal_belongings_and_facilities_from_former_employees_of.jpg?p=medium600\" title=\"The Workers' Room - with the personal belongings and facilities from former employees of Ulsan Plant\" alt=\"The Workers' Room - with the personal belongings and facilities from former employees of Ulsan Plant\" \/> <\/a> <br \/><span>The Workers&#8217; Room &#8211; with the personal belongings and facilities from former employees of Ulsan Plant<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274640\/8___Photo_5__Hyundai_Motor_s_first_EV_prototype_based_on_Sonata_Y2.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274640\/8___Photo_5__Hyundai_Motor_s_first_EV_prototype_based_on_Sonata_Y2.jpg?p=medium600\" title=\"Hyundai Motor's first EV prototype based on Sonata Y2\" alt=\"Hyundai Motor's first EV prototype based on Sonata Y2\" \/> <\/a> <br \/><span>Hyundai Motor&#8217;s first EV prototype based on Sonata Y2<\/span><\/p>\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"> <a href=\"https:\/\/mma.prnasia.com\/media2\/2274641\/Press_Release__231113_Hyundai_New_EV_dedicated_Plant_in_Ulsan_Groundbreaking_Ceremony_231113.pdf?p=original\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2274641\/Press_Release__231113_Hyundai_New_EV_dedicated_Plant_in_Ulsan_Groundbreaking_Ceremony_231113.pdf?p=pdfthumbnail\" title=\"\" alt=\"\" \/> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai Motor holds groundbreaking ceremony at its plant complex in Ulsan where Founding Chairman Ju-yung Chung established the company&#8217;s first major manufacturing base more than 50 years ago&nbsp;&nbsp; The new&nbsp;EV plant to build on Hyundai Motor&#8217;s brand heritage while laying the foundation for the company&#8217;s growth in the era of electrification New plant to occupy [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-23289","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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