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Hyundai to Invest $28 Million in Thai EV and Battery Facility (short)

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Hyundai to Invest $28 Million in Thai EV and Battery Facility:

Hyundai Motor Company will invest 1 billion baht ($28 million) to establish an electric vehicle (EV) and battery assembly facility in Thailand, starting production in 2026. This investment leverages Thailand's strong supply chain and supports Hyundai's strategy to tap into the booming EV sector, with Thailand accounting for 55% of Southeast Asia's EV sales in Q1 2024.

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