Hyundai (Seoul/005380) Motor Turkiye is planning to launch production of an electric vehicle (EV) model at its Izmit plant in 2026, the company said on March 3. Alongside EVs, Hyundai’s Turkey ...

Ioniq 70% of the Hyundai models sold in Europe were produced at the company’s facilities in the Czech Republic and Turkey ... the-road EV profits through economies of scale. By manufacturing ...

South Korea’s Hyundai Motor Group—led by billionaire Euisun Chung—announced on Tuesday that the conglomerate will invest $18 billion into its domestic electric vehicle (EV) manufacturing ...

SEOUL -- Hyundai Motor will launch a new electric vehicle platform replacing the one used in today’s Ioniq 5 and Ioniq 6 to achieve double-digit profit margins on EVs by 2030. The profitability ...