Part of Hyundai Motor's Ulsan plant will be rebuilt for the first time in 58 years.
According to the auto industry on Apr. 1, Hyundai Motor recently sent an official letter to the labor union outlining plans to rebuild the entire Ulsan Plant 1 and Line 2 of Plant 4.
This is the first time since operations began in 1968 that Line 2 of Plant 4, the oldest at the Ulsan complex, will be rebuilt.
The start date for construction is undecided, and the overall schedule will be established in phases going forward. Once work begins, production volumes from the existing Plant 1 (Ioniq 5, Kona) and Plant 4 Line 2 (Porter) will be transferred to other plants.
The rebuild follows the 2022 collective bargaining agreement. At the time, labor and management agreed to create the nation's first electric vehicle plant and to gradually rebuild aging plants in stages in connection with a reorganization of domestic plant production volumes.
Hyundai Motor's Ulsan complex is the world's largest single manufacturing facility. It can produce an average of 6,000 vehicles a day and 1.25 million a year. The Pony, Korea's first independently developed model, was also produced here in 1975.