Hyundai starts construction of US$300m Electric Vehicle Innovation Centre in Singapore
South Korean conglomerate Hyundai has commenced construction of a 28,000 sqm innovation centre in Singapore. The centre will house an electric vehicle factory as well research and development facilities for automotive technologies.
Singapore does a car manufacturing industry. Electronics innovator Dyson was previously planning to create an electric vehicle factory but pulled out of the project in 2019. Now, as Singapore strives towards its goal of having all vehicles run on cleaner energy by 2040, Hyundai has stepped in to fill the gap.
Hyundai says that customers will be able to customise their vehicles and purchase them online and will be able to visit the factory to see the manufacturing process.