Hyundai to Start EV Production in U.S.

   By Yongchang Chin

Hyundai Motor Co. will start making electric vehicles in the U.S., with Hyundai Motor Manufacturing Alabama to produce such new-energy vehicles on its Montgomery assembly line.

Hyundai will build the Electrified Genesis GV70 and a hybrid version of the Santa Fe model. The Sante Fe hybrid will begin U.S. production in October and the Electrified GV70 in December.

The South Korean auto maker also plans to invest $300 million in its U.S. manufacturing center to accommodate the vehicle-production growth, which would create 200 jobs, it said.

Hyundai will begin plant expansion projects including additional warehouse space and enhanced assembly processes, which will support EV production, it said.

Write to Yongchang Chin at yongchang.chin@wsj.com

(END) Dow Jones Newswires

April 13, 2022 05:42 ET (09:42 GMT)

Hyundai Motor (PK) (USOTC:HYMLY)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024