Hyundai Expands China Market to Rise to Global Top Three Electric Vehicle Giant By 2030

South Korean automaker Hyundai Motor is investing heavily in research and development, building new factories and platforms, and expanding electric vehicle production lines and production capacity, aiming to become one of the world's top three electric vehicle manufacturers by 2030.

Currently, Hyundai's electric vehicles are developed on its customised electric vehicle platform "Hyundai Electric Global Modular Platform (E-GMP)". A customised electric vehicle platform can scale up the production of future models and reduce development and manufacturing costs.

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