Hyundai's investment in an EV module plant in South Korea signals its belief in the future of electric vehicles, despite a sluggish market.
The new plant will manufacture critical EV parts like driver's seat modules and chassis modules for Hyundai's PE system, essential for future EVs' structural integration.
Hyundai Mobis, the group's parts and service division, will spearhead the construction, expanding its manufacturing network in South Korea.
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