Hyundai Motor Company held a groundbreaking ceremony for a new electric vehicle (EV) plant at its complex in Ulsan. The new EV-dedicated plant will be the hub for Hyundai Motor’s mobility production in the era of electrification. The EV-dedicated facility will be Hyundai Motor’s first new plant in Korea in 29 years, following the opening of the Asan plant in 1996. The dedicated EV plant in Ulsan will be located on the site of Hyundai Motor’s former proving ground.
Hyundai Motor’s new EV-dedicated plant in Ulsan will form part of a 548,000 m2 site with a capacity to produce 200,000 EVs per year. Approximately KRW 2 trillion (US$1.53 billion) will be invested in the project, with full-scale construction set to begin in the fourth quarter of this year.
The construction is scheduled to be completed in 2025, and vehicle mass production will commence in the first quarter of 2026.
An electric SUV from Hyundai Motor Group luxury brand, Genesis, will be the first model to be produced at the new plant.
Hyundai Motor plans to apply an innovative manufacturing platform that was developed by the Hyundai Motor Group Innovation Center in Singapore (HMGICS) at the EV plant in Ulsan to future-proof the facility and prioritize employee safety, convenience and efficiency.
HMGICS’ manufacturing innovation platform includes demand-driven, AI-based intelligent control systems; eco-friendly, low-carbon construction methods to achieve carbon neutrality and RE100 certification (100% renewable energy use); and human-friendly facilities that enable safe, efficient working.
Hyundai Motor will use this to build a smart logistics system, including automated parts logistics, at the new EV plant. It will introduce a flexible production system to diversify vehicle models, respond to global market changes and automate assembly facilities to improve productivity and quality.