Hyundai Ecuador announced this Wednesday, November 8, that it will begin local production of its Creta CKD model. The South Korean brand, which described the announcement as a significant step, revealed that $5 million will be invested to try to reach 2,500 units and create more jobs.
A new vehicle assembly plant is planned in Ecuador under a trade agreement with South Korea
CKD stands for “Completely Knocked Down” and refers to the shipment of a vehicle in individual parts or functional units. Technology is a fundamental part of modern vehicle production.
Hyundai already assembles some of its models in Ecuador, at the Aymes plant in Quito, where the brand plans to provide more details on this investment this Friday, November 10. The event will feature Airton Cusso, President of Hyundai for Central and South America and Juan Pablo Eljuri, President of the Eljuri Group.
Source: Eluniverso
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