Hyundai unit may adjust output post-2026

Quick Summary:

Hyundai Mobility Thailand, a subsidiary of South Korea's Hyundai Motor Group, plans to produce 5,000 battery electric vehicles a year at its plant in Samut Prakan in 2026, but may need to adjust future volume as domestic car sales sag.

Chinese EV makers granted incentives under the EV 3.0 scheme are required to locally produce 1.5 times the number of EVs they import.

Mr Wallop gestures during the Hyundai Ioniq 5 launch event held in Bangkok yesterday.

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Article Details

Category: EconomyBusiness

Markets: ThailandSouth Korea

Topics: Produce Wallop Cars Sales Thailand Ioniq Company Year Electric Hyundai 2026

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 05:05:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22741015

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 11 posts per day

Year Established: 1946

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News Last Updated: 8 hours ago

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Publisher ID: #66

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