Hyundai Motor in Talks to Establish Electric Vehicle Production Plant in Georgia, USA

Kia unveiled its first large electrified SUV concept car, the "The Kia Concept EV9," at a pre-media event for the "2021 LA Auto Show" held on November 17 last year (local time) at the LA Convention Center in California, USA. The photo shows Karim Habib, Executive Vice President of Kia Design, presenting the EV9 design. Photo by Yonhap News.

Hyundai Motor Company is reportedly in talks with state authorities to build a new electric vehicle production plant in Georgia, USA.

On the 9th (local time), according to major foreign media, Hyundai is reviewing plans to announce the establishment of a new electric vehicle factory in the United States soon.

Currently, Kia Motors has a factory in Georgia, which produces only internal combustion engine vehicles.

According to reports, multiple sources familiar with the matter stated, "Once the new factory in Georgia is completed, Hyundai and Kia will launch the dedicated electric SUVs Ioniq 7 and EV9 targeting the U.S. market."

Another source said, "Hyundai is trying to announce the factory investment plan to coincide with U.S. President Joe Biden's visit to Korea at the end of this month."

Details such as the construction cost of the factory and the number of jobs to be created have not yet been disclosed.

Last month, Hyundai announced it would invest $300 million (370 billion KRW) to establish an electrification production line at its Alabama plant and produce electrified models of the Santa Fe Hybrid and Genesis GV70.

This content was produced with the assistance of AI translation services.