Hyundai and Kia Invested 100 Million Euros in the Auto Sector of UK

After the United Kingdom decided to leave the Europe Union in 2016, it is first time that a large investment comes in the auto sector of Britain. The Hyundai and Kia invested 100 million euro’s in the electric vehicle manufacturing factory. This is the most valuable investment for the United Kingdom when foreign investment decreased due to the harsh trading relationship with Europe, which was the biggest market for the United Kingdom.

Both companies are planning to build thousand of electric vans in the factory which they will build in UK and export them internationally and they are also planning to develop new range of electric vehicles which will ultimately aid to the economy of the Britain.