Hyundai Motor to halt Asan factory in S.Korea for EV factory construction

A Hyundai Ioniq 5 electric vehicle is charged at Chaevi Stay Charging Station in Seoul

A Hyundai Ioniq 5 electric vehicle is charged at Chaevi Stay Charging Station in Seoul, South Korea, October 18, 2023. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights

SEOUL, Nov 27 (Reuters) – Hyundai Motor Co (005380.KS) 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.

Hyundai Motor said it plans to resume operations at the Asan factory on Feb. 14.

Reporting by Heekyong Yang
Editing by Ed Davies

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