TU-TESL

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According to foreign media reports, the company announced that it will start production of Kona electric cross-border models at its nosovich plant in the Czech Republic this month. The plant plans to produce 30000 Kona electric vehicles a year, which will double Hyundai's zero emission car sales in Europe and reduce waiting times for customers to buy cars. Over the past few months, Hyundai has been preparing to produce Kona electric at the northowich plant. The plant is located about 378 km east of Prague, the Czech capital. At the beginning of 2020, Hyundai announced that it would increase the production of electric vehicles and the development of other advanced technologies. By 2025, the Hyundai Group, which owns Hyundai and Jens brands, will invest more than $87 billion to produce 23 electric vehicles. Like other automakers, Hyundai Kia has run into a shortage of supply in the past year or so. Hyundai said the batteries used by Kona Electric will come from Europe and will be supplied closer to vehicle manufacturing plants, which will ensure a stable battery supply for the company. In January this year, media reported that modern battery supply may come from European factories of LG Chemical and SK innovation. The European plants of the two companies are located in Poland and Hungary. Hyundai also makes Kona electric in Ulsan, South Korea, using batteries from LG Chemical. In addition, the company also assembles the electric crossover car in China. The batteries used by Kona electric are from Ningde era. Hyundai said in its official press release that the increase in production of Kona Electric will make the company the largest supplier of zero emission vehicles in Europe. In 2020, about 80000 electric vehicles will be launched in Europe, including models such as IONIQ electric and SUV NEXO in addition to Kona electric.