Hyundai and Kia plan to disburse an investment fund of US$ 16.5 billion. This investment fund will be used to increase the production of electric vehicles in South Korea. This investment will be used to establish a new factory with a production capacity of around 150,000 units per year. Then they also aim to increase … Continue reading Hyundai and Kia boosts EV investment in South Korea to US$ 16.5 billion