Hyundai intends to build electric vehicles in Saudi Arabia
The interest of the Saudi Arabian government, which is the world’s largest automotive industry, has been found in the real interest of the region’s leading economy. Until now, it’s a long time since the agreement on the agreement with Lucid Motors came into the attention of people who knew that in the world a lot of electric vehicles exist. According to new data, Hyundai Motor is also ready to build a SKD assembly in the country, not only for cars with internal combustion engines, but also for electric vehicles. Yesterday, the corresponding agreement on mutual agreement was signed by Saudi Arabia.
Image Source: Hyundai Motors.
Whenever and for all, resource business Korea reported this, from foreign sources, as an example of what it called, “expressing the authority and control of Hyundai and reviving the city’s automotive industry”. The signing ceremony was attended by Saudi ministers and Hyundai Motor Vice President Kim Seon-Seop. The Korean team plan to build a business in Saudi Arabia that can combine two types of automobiles, which can be adapted into a machine-candalonizer; the motors also can be used for electric vehicles.
If such a business becomes apparent, it will become the first production site for the Korean manufacturing plant in the Middle East. It’ll enable Hyundai to strengthen its position on the local market because of its localization of production. In November, company managers visited Saudi Arabia for talks with Crown Prince Mohammed bin Salman al-Saud.
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