News Hyundai to spend $21bn in US in next three years South Korean car manufacturer Hyundai says it will spend $21bn in the US between now and 2028 to boost in-country vehicle production, localise supply chains, and improve its energy infrastructure.…
News Morocco places $2.9bn order for trains from three countries Morocco’s national rail operator said yesterday that it would spend $2.9bn on some 168 trains from Spanish, French and Korean suppliers, Reuters reports. ONCF said the equipment would be supplied…
News Hyundai beats US, Chinese bidders to $12bn Bulgarian nuclear deal South Korean contractor Hyundai Engineering & Construction has been chosen from a shortlist of five bidders to install and commission two Westinghouse AP1000 reactors at the Kozloduy nuclear power plant…
News Amazon and Hyundai plan autonomous ‘site of the future’ Amazon has joined forces with South Korea’s Hyundai to work on the development of autonomous construction sites. The team will use Amazon Web Services (AWS) as a connectivity platform for…
News Korean team to push their SMR design with eyes on Canada The Korea Atomic Energy Research Institute (Kaeri) and Hyundai Engineering have signed a memorandum of agreement aimed at winning export markets for its small modular reactor (SMR) technology. The agreement…
News Hyundai to add $1.5bn EV plant to world’s largest auto factory Hyundai broke ground this week on a £1.5bn EV plant in the South Korean city of Ulsan, its first new domestic plant for 29 years. The world’s third largest car-maker…
Companies Hyundai E&C to open Polish office to push nuclear strategy Hyundai Engineering and Construction, South Korea’s second-largest contractor after Samsung, is to open an office in Poland in a bid to supply the country with small modular reactors (SMRs).
News Hyundai and LG Energy to build $4.3bn battery plant in Georgia South Korean companies Hyundai Motor Group and LG Energy Solution say they will build a $4.3bn plant to make batteries for electric vehicles (EVs) in Savannah, Georgia. It’ll be sited…