(Bangkok News) After the Thai Investment Commission approved the investment project with a total of 1 billion baht (about S $ 38 million), Hyundai Motors announced that it will open a factory in Thailand to produce electric vehicles for the Ioniq brand.
Thai National News reported that the new factory is expected to start production in 2026. The long -term partner of Hyundai (Hyundai) Thailand's Thai -AUTOMOTOTOTOTOTIVE Assembly is responsible for assembly.
South Korea's Hyundai Motor Thai Branch said that Thailand has been designated as a strategic place for Hyundai Motors in Asia's Danian, and the above -mentioned 1 billion baht's investment will be used to build electric vehicles and battery assembly plants.
The Thai government has vigorously supported and developed the electric vehicle industry, hoping to become an electric vehicle manufacturing base in Southeast Asia.In June this year, Chinese electric vehicle manufacturer BYD (BYD) opened its first manufacturing plant in Southeast Asia in Luoyong Mansion, Thailand.
