Hyundai Motor Company has broken ground on a new electric vehicle (EV) plant at its complex in Ulsan, South Korea. The new EV-dedicated plant will produce 200,000 EVs per year.
Mass production will commence in Q1 2026
With the new plant, Hyundai Motor’s Ulsan Plant complex will become a base of future mobility production.
At the groundbreaking ceremony , Hyundai Motor Company’s Executive Chair, Euisun Chung, said: “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,” . Just as the dream of building the best car in the past made Ulsan an automotive city today, I trust Ulsan will be an innovative mobility city that leads the way in the era of electrification, starting with a dedicated EV plant.”
The new plant will be the hub for Hyundai Motor’s mobility production in the era of electrification.