GM’s New Korea Plant to Boost Capacity to 500,000 Cars in Nation
- Changwon will mainly export GM’s next-generation vehicles
- Automaker has no plans to make electric cars in Korea: Rempel
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General Motors Co.’s Changwon plant in South Korea, south of the capital Seoul, will increase the US automaker’s capacity in the nation to half a million cars a year once an upgrade is complete, executives said Wednesday.
The Changwon facility, which will build GM’s so-called next-generation vehicles including an all-new Chevrolet crossover, is currently being remodeled and expanded as part of a plan that kicked off last year. GM has invested around 900 billion won ($632 million) in the upgrade to date, including construction of new press and paint shops, Roberto Rempel, chief executive officer of GM Korea, said at an event to mark the plant’s 20th anniversary.