Hyundai motors to invest US$ 7.4 billion in the US for electric car, robotics

Hyundai Motor Group has also invested heavily in the development of electric vehicles, and their plants in the United States will be used to produce electric vehicles.

Hyundai Motor Group will invest 8.1 trillion won in the United States, equivalent to 7.4 billion U.S. dollars, to produce electric vehicles, improve production facilities, and increase its influence in the field of smart mobility solutions. The investment continues By 2025.

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Hyundai Motor Group’s Hyundai Motor Group and Kia both plan to produce electric vehicles in the United States. Hyundai plans to produce electric vehicles at their plant in Alabama next year, and Kia plans to produce them at a plant in Georgia.

The detailed plan of Hyundai Motor Group’s investment in the United States has not yet been announced, but foreign media mentioned in the report that Hyundai Motor said that they will finalize the upgrade plan of their US plant and expand the production of electric vehicles in the United States based on market conditions.

(Via)