Hyundai to set up $28m EV assembly, battery plant in Thailand

Hyundai to set up $28m EV assembly, battery plant in Thailand

FILE PHOTO: The logo of Hyundai is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. Picture taken March 22, 2016. REUTERS/Chaiwat Subprasom/File Photo

South Korean auto maker Hyundai Motor Company will invest 1 billion baht ($28 million) to set up a facility to assemble electric vehicles and batteries in Thailand, the country’s Board of Investment (BOI) said on Wednesday.