Hyundai is investing $11.2 billion in electric vehicles and groundbreaking manufacturing technologies.

Hyundai Motor Company has announced its largest investments in history aimed at enhancing domestic production by 2025. A key project will be a new plant in Ulsan, set to begin operations in the first half of 2026, specializing in the production of electric vehicles. The total investment in the finished vehicle sector will reach $11.2 billion, aimed at strengthening the company's position in the electric mobility market.

Particular emphasis will be placed on innovations in manufacturing processes. The new plant will implement HyperCasting technology, which enables the production of car bodies as single structures using a giant press (Giga Press) from the Italian company Idra, with a force ranging from 6,000 to 9,000 tons. This solution optimizes production, reduces costs, and enhances the quality of the output.

The HyperCasting technology, similar to that used by Tesla, will allow Hyundai to increase production efficiency and competitiveness. Unlike its competitors, Hyundai's electric vehicle bodies will be as integral as possible, marking a significant step forward in the development of advanced automotive technologies.