Hyundai plans new EV plant in U.S., in talks with Georgia

Asian Tech Press (May 10) -- South Korea's largest car manufacturer Hyundai Motor Group plans to build a new electric vehicle (EV) plant in the United States and has held discussions with Georgia officials.

However, Hyundai is not willing to disclose details including negotiations on site selection and investment plans at this stage.

Sources familiar with the matter said Hyundai has been in advanced discussions with Georgia officials about building a dedicated EV plant in the state.

If the plan is finalized, the new plant would serve both Hyundai and Kia, producing the Ioniq 7 and EV9, two all-electric SUVs developed specifically for the U.S. market by the two brands.

Hyundai's plan comes as the U.S. government has been pushing for greater investment in electric vehicles and related suppliers to create jobs and advance the clean energy agenda.

Georgia has also been working to transform itself into a regional hub for the emerging electric vehicle industry, and Hyundai's consideration of a plant in Georgia signals a new opportunity for economic development coming to the state.

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