Hyundai Motor Plans to increase Jeon-ju Commercial Vehicle Plant capacity to 100,000 units
• Hyundai Motor to invest KRW 2 trillion on commercial vehicle development and production until 2020
• New Pilot Center, Global Training Center expected in Jeon-ju plant
• 1,000 new jobs to be created following the increased capacity
February 16, 2015 – Hyundai Motor announced today that it will invest KRW 2 trillion over the next six years to enhance its global commercial vehicle competitiveness.
KRW 1.6 trillion will be invested on developing new models and engines to strengthen global commercial vehicle competitiveness. Another KRW 400 billion will be invested on increasing production capacity of Jeon-ju plant from the current 65,000 units to 100,000 units by 2020.
As a result, Hyundai Motor expects to hire additional 1,000 employees to support the increased production capacity. Also, it plans to construct new Pilot Center and Global Training Center within Jeon-ju plant.
About Hyundai Motor
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond. The company leads the Hyundai Motor Group, an innovative business structure capable of circulating resources from molten iron to finished cars. Hyundai Motor has eight manufacturing bases and seven design & technical centers worldwide and in 2014 sold 4.96 million vehicles globally. With almost 100,000 employees worldwide, Hyundai Motor continues to enhance its product line-up with localized models and strives to strengthen its leadership in clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle, ix35 Fuel Cell.