Slovak government, Hyundai Mobis to build electric car parts plant

BRATISLAVA, Slovakia: The Slovak government and South Korea's Hyundai Mobis have signed a memorandum of understanding to establish a plant in Slovakia that will produce engines and parts for electric cars.

Prime Minister Robert Fico announced that Hyundai Mobis will invest over 170 million euros (US$185 million) in the new facility, which will be located in Novaky, a town in western Slovakia.

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