SIngapore, Aug 15 : Hyundai Motor Co. will manufacture electric vehicles in Singapore starting in 2022, theThe Seoul-based automaker will produce 30,000 electric cars a year at the Singapore plant, with as many as 6,000 set to be sold in the city-state, the newspaper said, citing Teo Hock Seng, executive chairman of Hyundai distributor Komoco Motors.
South Korea’s largest automaker said earlier this month it plans to release new electric vehicles, setting a target of 10% of that market in five years. Hyundai Motor also said earlier this year it was setting up an innovation center in Singapore to develop and test technology across the automotive supply chain, including the trial of the manufacturing process for electric vehicles. Construction of the facility in the western part of the island-state was targeted to complete in the second half of 2022, it said at the time.
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