Hyundai unveils EV plans in Thailand with THB1 billion investment

Hyundai Mobility Manufacturing (Thailand) Co Ltd said the investment would be used to establish EV and battery production facilities in Thailand, in line with the Thai government’s EV3.5 policy supporting the EV industry.

Jae Gyou Chung, the CEO of Hyundai Mobility Manufacturing (Thailand), said that Thailand had been designated as a strategic location for Hyundai in ASEAN. With the Thai government’s support through the EV3.5 measures, Hyundai is ready to invest and aims to commence production in early 2026.