WASHINGTON: South Korea's Hyundai Motor Group said on Friday it plans to invest about US$5.54 billion to build its first dedicated full electric vehicle and battery manufacturing facilities in the United States.
Reuters reported last week that Hyundai was in talks to build an EV manufacturing plant in the United States and had held discussions with Georgia officials. Hyundai's battery supplier, SK Innovation's battery unit SK On, has built two adjacent plants in Georgia. The first, which mostly supplies Volkswagen AG, started production in the first quarter. The second, which will supply Ford Motor Co, is set to begin production early next year.
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Hyundai Motor Group to invest $5.5 billion to build EV and battery facilities in U.SWASHINGTON/SEOUL : South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expect
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyundai Motor Group to invest $5.5 billion to build EV and battery facilities in U.SWASHINGTON/SEOUL : South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expect
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyundai Motor Group to invest $5.5 billion to build EV and battery facilities in U.SWASHINGTON/SEOUL : South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expect
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyundai Motor Group to invest $5.5 billion to build EV and battery facilities in U.SWASHINGTON/SEOUL : South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expect
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Georgia to announce $7 billion Hyundai EV investment as Biden visits Seoul - sourcesWASHINGTON/SEOUL : Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters.The South Korean auto group, which houses Hyundai Motor Co and Kia C
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »