Hyundai Motor Company has announced the largest internal investment in the company's history, aimed at the development of electric mobility and innovative manufacturing technologies. In 2025, Hyundai plans to allocate $ 11.2 billion to modernize its facilities, including the construction of a new electric vehicle plant in Ulsan, which is scheduled to start operation in the first half of 2026.
Special attention deserves the introduction of HyperCasting technology, which will become the basis of production processes at the new plant. This innovative technique makes it possible to produce elements from a single piece, which significantly reduces the number of parts and reduces production costs. As a result, the new generation of cars will become not only more technologically advanced, but also more reliable thanks to monolithic bodies.
Hyundai positions HyperCasting as a revolutionary technology that will allow the company not only to compete with Tesla, which uses similar approaches, but also to surpass it through more efficient production design. While Tesla uses gigacasting to assemble large blocks, Hyundai is aiming for an entire body from a single module, which is the next step in the automotive industry.
This strategy emphasizes Hyundai's ambition to become a leader in electric mobility by integrating advanced technologies and increasing its competitive advantages. In addition to Ulsan, the investment plan covers the improvement of other production sites and the expansion of the portfolio of electric vehicles that will meet current market demands for environmental friendliness, efficiency and high performance.