On June 22nd, according to the Strait Times, Hyundai Motor Group’s electric car factory in Singapore has started production. The electric vehicles produced there will not only be supplied to the Singaporean market, but are also expected to be exported to Australia, New Zealand, and other countries in the future.
▲Source: Hyundai
According to the report, this electric vehicle factory is located in the innovation center park of the Hyundai Motor Group in Singapore, which cost 400 million Singapore dollars to build, and its headquarters is located in Jurong. The center is divided into production area, research and development area, and customer experience area. Currently, the production area responsible for electric vehicle manufacturing is in operation, and the other two facilities are expected to be put into use in the fourth quarter of this year.
▲Source: Hyundai
According to a Hyundai executive interviewed by The Straits Times, Hyundai’s new electric vehicle factory in Singapore is planned to have an annual production capacity of 30,000 vehicles, and has currently produced about 100 Ioniq 5 electric vehicles in Singapore. The executive stated that Hyundai’s goal is to export vehicles from the Singapore plant to markets such as Australia and New Zealand.
▲Source: Hyundai
It has been noticed that the new Singapore factory of Hyundai Motor uses CKD mode, importing parts from overseas and completing assembly in Singapore. The imported parts include the car body produced in Indonesia, chassis and battery packs from the Korean market, etc. Hyundai Motor has stated that it is considering performing processes such as body stamping and painting in Singapore in the future. In addition, Hyundai Motor also stated that the Singapore factory will explore new manufacturing methods, such as using robots to move parts in the factory.
