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Monday, 09 May 2022 12:52

Hyundai May Build New EV Plant in Georgia: Report

Written by Andrei Nedelea, InsideEVs

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Hyundai has made no secret of the fact it wants to build an electric vehicle manufacturing facility in the U.S.

It announced $7.4 billion in investments across the U.S. by 2025, destined for both upgrading its existing factories and building an all-important new one that will only build EVs.

 

The new plant will build both Hyundai- and Kia-badged EVs. In May 2013, when the manufacturer announced the expansion plan, it said production would start in 2022. Hyundai has also not given up on hydrogen, and it wants to help popularize this type of powertrain in the U.S. in the future---the new facility may also act as a hub for the automaker’s hydrogen plans for America.

 

And now it looks like the location for the future plant is close to being chosen---Georgia, according to Automotive News.

 

They say the information comes directly from Hyundai COO Jose Muñoz, who declined to share more information, especially about which sites were being considered for the new factory.

 

"We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage," Muñoz said.

 

Full plans will apparently be revealed later in May, the announcement coinciding with President Joe Biden’s visit to Seoul, South Korea; he is to meet the new president of the country, Yoon Suk-yeol, on May 21, and it sounds like a great opportunity to make it official.

 

Choosing Georgia may also have something to do with the fact Hyundai’s battery supplier, SK, recently completed work on battery plants in the state, creating some 2,600 jobs, out of a planned 10,000 new jobs that will be...


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