Industry sources have stated that later this month, in the southwestern city of Gwangju, South Korea, full-fledged manufacturing of Hyundai’s all-electric compact SUVs, Casper Electric, would get off. By the end of the year, 21,400 units are expected to be produced.
In international markets, the EV will be marketed under the name Inster. This summer, it will debut in South Korea, then Europe, the Middle East, and Asia Pacific.
The namesake city of Gwangju, which is about 270 kilometers southwest of Seoul, is home to GGM. GGM is a Hyundai Motor contract manufacturer. The company just announced that it will start full-scale production of the Hyundai’s all-electric SUVs on July 15.
Also Read: India Ranked Among Top Three Most Optimistic Nations In Global Survey
By December, GGM plans to have produced 21,400 units, up 23% from its original target of 17,400 units. According to the Yonhap news agency, the plant started producing Casper Electric on a trial basis in February and has since produced about 300 units.
Casper Electric, which debuted at the “2024 Busan International Motor Show” last month, is the electric variant of the 2021-introduced Casper, but it has a number of updated enhancements.
With a nickel-cobalt-manganese battery that holds 49 kWh, Casper Electric can travel up to 315 kilometers between charges. In just thirty minutes, it can be charged from 10% to 80%.
After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…
A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…
PM Narendra Modi held 31 bilateral meetings and discussions during his visit to Nigeria, Brazil,…
These words were added during the 42nd Amendment in 1976, under the tenure of Prime…
During the hearing, the Supreme Court clarified that the six MLAs removed as Chief Parliamentary…
Bumrah’s 4-17, backed by Mohammed Siraj and debutant Harshit Rana, helped India seize the momentum…