October 14, 2020 13:17
Hyundai on Wednesday broke ground in Singapore's Jurong West industrial district to build a global research and development center.
The center will serve as a hub for the carmaker's next-generation electric vehicles and urban air mobility technology.
The center will measure 44,000 sq.m and open in late 2022 at a cost of W320 billion (US$1=W1,146). The roof of the center will feature a 620 m runway for high-speed tests and takeoff of UAM vehicles. It will also be capable of producing a small number of customized EVs.
Hyundai said it chose Singapore for its openness to foreign culture and adaptability to advanced technologies.
Singapore's Prime Minister Lee Hsien-loong attended Tuesday's ceremony as Hyundai chairman Chung Eui-sun and Korea's Minister of Trade, Industry and Energy Sung Yun-mo looked on by video link from Seoul.
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