Korean EV maker Edison to invest up to Rs 5,000 cr in UP, create 5,000 jobs

Project to be set up in three phases; company is scouting for land near Lucknow and Yamuna Expressway

South Korean electric vehicle maker Edition Motors today evinced interest in investing almost Rs 5,000 crore to set up its production facility in Uttar Pradesh.

The company has proposed to invest Rs 500-700 crore in the first phase, Rs 1,000-1,500 crore in the second phase and Rs 2,000-3,000 crore in the third phase of its electric vehicle plant in the state.

A delegation led by Edison Motors managing director Y K Lee called upon UP chief minister Adityanath at his official residence in Lucknow and expressed a desire to set up an electric vehicle plant in the state.

Briefing about the company’s profile,