Hyundai Motor Group to Foster Advanced Industry Hub in Korea’s Yeongnam Region to Spur Future Growth
Hyundai Motor Group will invest KRW 42 trillion over a decade to develop Korea’s Yeongnam region into a hub for advanced industries, including AI-driven manufacturing, aerospace, and hydrogen energy, aiming to strengthen national industrial competitiveness.
Hyundai Motor Group announced a KRW 42 trillion investment plan over 10 years to transform the Yeongnam region into a center for advanced industries, including AI-driven manufacturing, aerospace, and energy infrastructure. The initiative involves collaborations with government ministries and five local authorities to foster regional development, create jobs, and enhance Korea’s economic competitiveness. The project aligns with the Group’s broader strategy to expand into future mobility and clean energy sectors while leveraging existing manufacturing capabilities.
The Group will upgrade its Ulsan plant—the world’s largest integrated automotive facility—into a hub for future mobility, including an AI DV manufacturing center and an EV-dedicated plant launching in Q4 2026. Hyundai Mobis will establish battery system and motor production lines in Ulsan and Daegu, respectively, while Hyundai Wia will build an EV thermal management system plant in Changwon by 2030. These investments aim to strengthen the value chain through advanced electrification technologies and support the Group’s transition toward AI-defined vehicles and robotaxis.
Hyundai Motor Group will develop a hydrogen fuel cell plant in Ulsan to support hydrogen mobility and clean energy expansion, producing next-generation fuel cells and PEM water electrolysis systems for export. The Group also plans to diversify energy sources by investing in small modular reactors, offshore wind power, and water electrolysis plants, positioning these as future export solutions to bolster Korea’s industrial resilience.
The Group is advancing intelligent manufacturing through AI-driven factories that optimize production, logistics, and quality management using global operational data. Additionally, Hyundai is expanding into aerospace and space mobility, including urban air mobility and lunar exploration rovers with autonomous driving capabilities. These efforts reflect the Group’s commitment to transforming traditional industries while pioneering next-generation technologies to address future mobility and energy challenges.