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Thailand approves $28 million EV investment from Hyundai

2024.08.06 23:20

BANGKOK (Reuters) – Thailand has approved an investment worth 1 billion baht ($28 million) from South Korean auto maker Hyundai (OTC:), the Board of Investment said on Wednesday.

© Reuters. FILE PHOTO: The logo of Hyundai is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. Picture taken March 22, 2016. REUTERS/Chaiwat Subprasom/File Photo

The factory will start assembly of battery electric vehicles (BEV) and batteries in 2026, the board said.

($1 = 35.6200 baht)



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