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Hyundai will start its European expansion with its plant in the Czech Republic.
The manufacturing plant in the Czech Republic is Hyundai’s only base in Europe capable of manufacturing electric vehicles (EVs). As such, it is a critical component to Hyundai’s expansion in Europe.
Hyundai Motor Group’s Executive Chair Chung Euisun recently visited the Hyundai Motor manufacturing plant in the Czech Republic (HMMC). Chung talked to HMMC members about the future and thanked them for their commitment.
“I want to express my gratitude to the members of HMMC for their commitment, expertise, and strong support. As the key hub for future investments in our eco-friendly mobility vision and technology, HMMC plays pivotal roles for the sustainable success of Hyundai Motor Group despite the growing uncertainties in the global market,” said Chung.
Hyundai is one of the automakers surviving the current slowdown in the EV market relatively well. And it isn’t looking back as it continues its expansion into Europe. The South Korean automaker has released a few popular electric vehicles under its Hyundai and Kia brands, including the IONIQ 6, IONIQ 5N, the Kia EV6, and Kia EV3.
Hyundai plans to offer more variety to its customers in the coming years, including internal combustion engine, hydrogen, and electric vehicles. In the near term, it intends to balance sales by launching more hybrid vehicles while the EV market stabilizes.
“Although we are facing difficulties due to the volatility of the EV market, we will have to double our efforts to facilitate innovation and sustainable growth,” said Chair Chung. According to local reports, he promised that Hyundai would spare no investments in product quality and safety to retain HMMC’s productivity and profitability.
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