EUR/USD 1.17668
0.163%
Gold 4735.27
0.948%
Oil 90.294
-3.261%
USD/JPY 156.374
-0.006%
GBP/USD 1.36212
0.212%
GBP/JPY 213.005
0.229%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 7th, Spanish Foreign Minister Álvarez reported that the Israeli Chargé dAffaires in Spain, Ehrlich, was summoned for the second time on May 6th. The Spanish Ministry of Foreign Affairs conveyed a statement to the Chargé dAffaires, stating that the "illegal detention" of Spanish nationals held by Israeli authorities from the "Global Resilience Fleet" should not be extended. The Spanish government believes that the Israeli militarys detention of Spanish crew members violates international law and that the detained crew members must be released immediately.The South Korean presidential office announced that South Korean President Lee Jae-myung spoke by phone with the Dutch Prime Minister to discuss cooperation in the fields of chips, artificial intelligence, and batteries.May 7 - According to Irans Tasnim News Agency, Iranian President Pezechzian said today (May 7) that he recently met with Irans Supreme Leader Mojtaba Khamenei. The meeting was held in a cordial atmosphere and the dialogue lasted for nearly two and a half hours.On May 7, Iranian state-run Islamic Republic Radio and Television posted on social media that Barak Ravid, a journalist for the American news website Axios, allegedly spread false information about the war with Iran multiple times to manipulate the market for profit. The post read: “Axios reported five times in 19 days that an agreement with Iran was ‘imminent.’ Five times—but no agreement was reached. It seems that the journalist known as Barak Ravid, along with his friends within the US government, may be profiting from market fluctuations!”Russian Foreign Ministry: Threats to the May 9 parade will not be taken lightly.

Hyundai Motor will develop South Korea's first EV-specific plant

Charlie Brooks

Jul 12, 2022 11:05



Hyundai Motor Co. plans to construct its first dedicated electric vehicle (EV) manufacturing facility in South Korea by 2025, according to the automaker's union, which cited the company's CEO.


Hyundai Motor Group, which consists of Hyundai Motor and Kia Corp, announced in May its aim to invest 48.07 billion dollars in South Korea between now and 2025.


Hyundai Motor was unable to quickly comment. According to a statement published by the union, the promise was made by the company during ongoing salary negotiations.


This month, unionized Hyundai Motor employees in South Korea voted for a potential strike for the first time in four years in reaction to management's emphasis on foreign investment and salary increases.


The announcement comes after South Korea's largest automaker said in May that it planned to invest $5.5 billion in Georgia to build complete EV and battery production facilities.


Hyundai Motor forecasts that construction on the EV facility in Georgia will begin in early 2023, with commercial production commencing in the first half of 2025.


Suggestion