SEOUL : Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said.The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Exec
SEOUL : Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles , the Busan city government said.
The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Executive Vice President Guido Haak as saying. The plan was unveiled when Haak met with Busan Mayor Park Heong-joon during a visit to France this week, where Haak called for South Korea's support to turn the Busan plant into its future manufacturing hub, Park's office said.
It was not immediately clear how much Renault planned to invest to build the EV production facilities.The announcement comes after Hyundai Motor said in May it will invest around 2 trillion won in Ulsan, South Korea, to build a designated EV factory.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis:Auto firms race to secure non-Chinese graphite for EVs as shortages loomLONDON : Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries outpaces other uses for the mineral for the first time due to soaring EV sales.Auto firms have been slow to plan for graphite shorta
Read more »
Yoon, Macron discuss tech cooperation, regional security in Paris summitThe South Korea president was in Paris to back Busan as the host of the 2030 World Expo. Read more at straitstimes.com.
Read more »
Avtovaz completes deal to buy Renault-Nissan's Russian finance businessMOSCOW : Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance, the company said on Wednesday. President Vladimir Putin approved the deal in November, issuing a waiver for the sale to go through, bypas
Read more »
South Korea cuts 'killer questions' from college entrance examSEOUL — South Korea will drop so-called 'killer questions' from its notoriously tough college entrance exam in a bid to reduce reliance on private cram schools, the education ministry said on Tuesday (June 20).
Read more »
South Korea cuts ‘killer questions’ from college entrance examMore than half a million students sit the annual nine-hour test. Read more at straitstimes.com.
Read more »
South Korea cuts 'killer questions' from college entrance examSEOUL: South Korea will drop so-called 'killer questions' from its notoriously tough college entrance exam in a bid to reduce reliance on private cram schools, the education ministry said Tuesday.
Read more »