Korean automaker Hyundai Motor will be producing 30,000 electric cars annually in Singapore. According to Mr Teo Hock Seng, executive chairman of local Hyundai distributor Komoco Motors, about 6,000 of these units will be sold locally.
On top of its announcement on setting up an innovation centre here in Singapore, Hyundai Motor has confirmed that it will begin construction of its factory in October after a delay from May due to the coronavirus outbreak.
“When realised, Hyundai’s new manufacturing platform will help make automotive plants safer and greatly diminish the physical burden for workers, using manpower only where necessary,” mentioned a Hyundai spokesperson.
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It is rumoured that Hyundai will start producing an electric compact crossover known as the Ioniq 3. Other Ioniq models such as the Ioniq 5, 6 and 7 are slated to be launched for sale from early 2021 to 2024.
The Ioniq 5 will be a mid-sized crossover based on concept 45 that was unveiled in 2019 at the International Motor Show (IAA), which will be the first of the Ioniq releases. This will be followed by the Ioniq 6 sedan, which is based on the Prophecy concept car, that is set to launch in March 2022. The last of them would be the Ioniq 7, a large sport utility vehicle (SUV) which will likely launch in early 2024.
In spite of the government regulations aimed to curb vehicle population, Mr Teo believes that the automotive industry is not a sunset industry.
“Sunset or sunrise, the stayers will fight and will remain. I don’t think the Government can say ‘no more cars on the road’. They can try, but they will get a lot of brickbats. […] The Government said 14 per cent of space is devoted to roads. But they forget they are building more 40-storey buildings, and everyone in them wants a car,” claims Mr Teo in an interview with The Straits Times (ST).
The new Hyundai Singapore plant is said to generate over hundreds of jobs locally. Manufacturing of electric cars is likely to begin in 2022, according to ST.