Hyundai’s new Singapore hub big on electric cars

Future drive: An employee works at a Hyundai Motor branch in Seoul. In its Singapore hub, which is expected to be completed by the end of 2022, Hyundai will work on developing AI, big data and other technologies to enhance its manufacturing processes to produce the smarter and more environmentally friendly cars of tomorrow. — AFP

SINGAPORE: Hyundai Motor Group will invest S$400mil (US$294mil) in a new innovation centre in Singapore that Prime Minister Lee Hsien Loong said may produce up to 30,000 vehicles a year by 2025.

“Automotive activities are becoming viable in Singapore once again, ” Lee said in a speech yesterday to mark the virtual groundbreaking ceremony for the centre in the city-state’s west.