Electric Vehicles (EVs)News

Hyundai Investing $300M To Begin EV Production At US Manufacturing Center

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Hyundai Motor is all set to bring electric vehicle (EV) production to the United States. The South Korean automaker has announced plans to add EV in its Montgomery assembly line, with an investment of $300 million to build the Electrified Genesis GV 70 and hybrid version of the Santa Fe at its US manufacturing center.

The Genesis GV70 EV was first seen in November last year at the Guangzhou Auto Show in China. As reported by Carscoops, the all-electric version of the GV70 SUV features a pair of electric motors that combine to deliver 482 hp (360 kW) and 516 lb-ft (700 Nm) of torque in Boost Mode to propel the SUV to 62 mph (100 km/h) in an impressive 4.5 seconds.

Hyundai previously announced plans to invest $7.4 billion in the US by 2025 to produce EVs, upgrade plants and develop smart mobility technologies.

The latest milestone received the green light during a recent project agreement signing ceremony with Alabama Governor Kay Ivey at the state capitol and was announced by José Muñoz, President and CEO, Hyundai Motor North America in New York City. Recently announced production enhancements at Hyundai Motor Manufacturing Alabama (HMMA) including the start of production of Santa Fe Hybrid will include the creation of 200 additional jobs.

HMMA will begin plant expansion projects ranging from additional warehouse space to enhanced assembly processes to support electric vehicle production. The Santa Fe Hybrid will begin production in October 2022.

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