New production facility: Hyundai apparently wants to build an electric car factory in the US state of Georgia | news

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The production site will be located in the southeastern US state of Georgia, three people familiar with the plans told the Archyde.com news agency. Details of the investment, such as the expected costs or the number of new jobs created, are not yet known. “We’re excited to soon announce a new EV plant in the United States, but we can’t give details at this time,” Hyundai said when asked by Archyde.com. Representatives from Georgia’s economic development agency might not immediately be reached for comment.

According to insiders, Hyundai is already in advanced talks with the authorities of what is known as the “Peach State”. The new site will be built near existing plants owned by Hyundai and its subsidiary Kia. The brands are on the verge of bringing two all-electric SUVs – the Ioniq 7 and the EV9 – to the US market. Another insider said Hyundai intends to announce the plans before the end of May, when US President Joe Biden is expected to visit Seoul.

(Report by Heekyong Yang, Ben Klayman and Kevin Krolicki, written by David Latona, edited by Ralf Banser. If you have any questions, please contact our editorial team at [email protected] (for politics and economics) or frankfurt.newsroom@ thomsonreuters.com (for companies and markets)

– by Heekyong Yang and Ben Klayman

Seoul/Detroit (Archyde.com)

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