Hyundai to halt factory in Asan, South Korea, to construct EV plant

Hyundai EV

Hyundai Motor plans to halt its factory in Asan, South Korea, to construct an electric vehicle plant in the period between Dec 31. 2023 to Feb. 13 2024.

The South Korean automaker said in a regulatory filing on Monday that it plans to resume operations at the Asan factory on Feb. 14.