Hyundai Motor, one of the leading brands from South Korea, is now sharing that it will open its first factory in Malaysia, located in Kulim. For this purpose, Hyundai will invest as much as RM2.16 billion in Malaysia. So, what should you know about it?
For your information, Hyundai is expected to produce up to 7 car models in the next five years. At the same time, by producing vehicles in the country, Hyundai can also market their vehicles at more competitive prices for the local market.
In addition, the government has also set a number of conditions for Hyundai Motor, including to use of locally produced components in vehicles produced by Hyundai in the future. The opening of the Hyundai factory in Kulim is also expected to open new job opportunities for local people. We have yet to confirm other details on the news. Hopefully, everything will go smoothly.
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