Hyundai Motor Group is set to kick off its European expansion from its electric vehicle (EV) manufacturing base in the Czech Republic.
The Czech plant, Hyundai’s only European facility capable of producing EVs, is a crucial part of the company’s strategy to grow its presence in the region.
During a recent visit to the Czech Republic facility, Hyundai Motor Group Executive Chair Chung Euisun expressed his appreciation to the plant’s staff for their dedication. “I want to express my gratitude to the members of HMMC for their commitment, expertise, and strong support. As the key hub for future investments in our eco-friendly mobility vision and technology, HMMC plays pivotal roles for the sustainable success of Hyundai Motor Group despite the growing uncertainties in the global market,” Chung said.
Hyundai, which has weathered the EV market slowdown better than many competitors, continues its expansion in Europe with a range of popular electric models, including the Ioniq 6, Ioniq 5N, and the Kia EV6.
The company plans to offer a broader portfolio in the coming years, balancing hybrid, internal combustion, hydrogen, and electric vehicles while the EV market stabilizes.
