Charged EVs | Hyundai to construct EV meeting and battery manufacturing unit within the US

Hyundai COO Jose Muñoz introduced on the current on the New York Worldwide Auto Present that his firm will construct a manufacturing unit within the US for electrical automobile meeting and batteries. Automotive Information stories that Hyundai plans to speculate $300 million and create 200 new jobs on the plant.

The automaker will select a location later in 2022.

The brand new Hyundai Ioniq 5 took dwelling three awards from the New York present: 2022 World Automotive of the 12 months; World Automotive Design and Finest Electrical Automobile.

Muñoz additionally lately introduced that Hyundai will produce the all-electric Genesis G70 and the Hyundai Santa Fe hybrid at its manufacturing unit in Montgomery, Alabama. Each fashions are to enter manufacturing earlier than the top of 2022.

In response to Automotive Information, the newly introduced manufacturing unit is one piece of Hyundai’s $7.4-billion funding plans for the US, which incorporates EV manufacturing, manufacturing unit upgrades and the event of sensible mobility applied sciences.

Supply: Automotive Information through InsideEVs