A significant investment is being made by Hyundai Motor Group, totaling $26 billion. Part of this commitment is a $5.8 billion project. Commercial production for this project is expected to start in 2029.

This project will have a notable impact on employment, with 1,300 direct jobs and a total of 5,400 jobs supported. The annual capacity of the project is 2.7 million metric tons.

Further information about this project and its details can be found through the source. The project is part of a larger effort to strengthen supply chains and industrial resilience.