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Hyundai To Manufacture EVs In Singapore From 2022

Image source: Hyundai IONIQ

Hyundai To Manufacture EVs In Singapore From 2022

Hyundai Motor has announced that it plans to manufacture its electric vehicles (EVs) in Singapore, starting in 2022, according to Straits Times. As such, the auto maker will be setting up a 28,000 square metre plant in Singapore with construction to begin in October.

The new plant will have the capacity to manufacture 30,000 EVs a year, with as many as 6000 cars sold in Singapore, and the new facility will create hundreds of jobs for the city. An electric compact crossover based on the IONIQ EV range is speculated to be the first vehicle produced at the plant.

Earlier this year in April, the automaker has announced that they will be establishing a Smart Mobility Innovation Center to accelerate its innovation efforts and transformation into a smart mobility solution provider.

This is in line with Singapore’s initiatives to boost the city’s EV market which includes expansion of charging infrastructure by 2030 and the goal to eliminate combustion engines from 2040.

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