Automotive May 21, 2022 08:04 AM (GMT+8) · EqualOcean
South Korea's Hyundai Motor Group announced on the 20th that it plans to invest about US $5.54 billion to build its first dedicated all electric vehicle and battery production facility in the United States. The company said in a statement that Hyundai will start the construction of a new plant in Georgia in early 2023 and is expected to start commercial production in the first half of 2025, with an annual capacity of 300000 electric vehicles and plans to create about 8100 jobs. Hyundai Motor and Kia, a subsidiary of Hyundai Motor Group, said they would establish the battery production facility through a strategic partnership and would disclose details in the subsequent stage.