Hyundai Motor completes electric vehicle equipment construction at Asan factory... mass production of ``Ioniq 7'' within the year

Hyundai Motor Co., Ltd. (005380) has completed construction of electric vehicle production equipment at its Asan factory in Asan City, Chungcheongnam-do, South Korea, and has resumed operations.
It was announced on the 14th. Hyundai Motor suspended plant operations for about two months starting December 31 last year in order to expand its electric vehicle production facilities.
Hyundai Motor is manufacturing the Ioniq 7, a large electric sports utility vehicle (SUV), to be released in the second half of this year at its Asan plant.
It is expected to produce. This is the third model under Hyundai Motor's electric car brand ``Ioniq.'' Ioniq 7 is Hyundai Motor Group's electric vehicle, following Kia Motors' EV9.
It is known as the second large electric SUV to utilize the dedicated platform "E-GMP." Prior to this, the concept car "Seven" was released in the United States in 2021.
I've been there before. The Asan plant has been mass-producing approximately 300,000 completed vehicles annually, including the Ioniq 6 electric vehicle, Sonata, and Glenzer.