Hyundai's investment could help grow Singapore EV ecosystem
South Korean firm announces S$400m Hyundai Motor Group Innovation Center
Add BT as a preferred source
Sharon See
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CARMAKER Hyundai's latest investment in Singapore could help build an ecosystem surrounding the development of electric vehicles (EV), a move that would diversify the Republic's manufacturing base while creating more high-value jobs for Singaporeans, industry observers said.
On Tuesday, the South Korean firm announced a S$400 million Hyundai Motor Group Innovation Center, which may produce up to 30,000 vehicles per year by 2025.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
