Hyundai plans to roll out EV plant in U.S

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Hyundai Motor is planning to build a new electric vehicle manufacturing plant in the U.S 

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Hyundai Motor confirmed an approaching plan but refused to comment on the developments including site negotiations.

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The discussions are active but details including its projected cost, employment creations are not known yet.

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If the new Georgia facility is confirmed and finalized,it will serve both Hyundai and Kia with fully electric SUVs rolling out.

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This project will also mark a significant contribution to Georgia’s economy which has established itself as a regional hub for the emerging EV industry.

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The launch of the new factory can create employment opportunities of around 8500 and the plant would be located on a 2,200 acre site.

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Lastly, there are some other asian companies as well that announced plans to build U.S battery plants including Korea’s LG Energy Solution.

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