Hyundai Motor Company has announced plans to invest $28 million USD in Thailand to set up a facility for assembling electric vehicles and batteries.
The report further mentions that the facility will be located southeast of Bangkok, Thailand’s capital city, and is scheduled to start production in 2026. Thailand’s strong existing supply chain will allow Hyundai to source some of the raw materials and parts it needs from within Thailand, with the aim of supporting the local industry.
