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Hyundai Motor to invest $479M in Malaysia

  • Hyundai Motor will invest $479 million in Malaysia over the next five years to support the country's electric vehicle ecosystem.
  • The investment aims to promote EV sales, build charging stations, and establish a battery manufacturing facility.
  • Initially, Hyundai will focus on internal combustion and hybrid electric vehicles in the Malaysian market.
  • Hyundai is also collaborating with Malaysian company Inokom Corp. to manufacture the Staria minivan.

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