Hyundai’s Planned Georgia Plant to Make 300,000 EVs Annually
While Hyundai revealed in January that it wasn’t turning its back on fossil-fueled vehicles, the company has demonstrated its commitment to building electric vehicles, with its first facility in the United States set to open in 2025 with an annual production capacity of 300,000 vehicles. Last week, the automaker announced that it was planning to invest $5.54 billion to establish a battery and electric vehicle manufacturing facility in Georgia state. This facility’s construction is slated to begin next year, and production will commence in 2025. This plant will be the company’s first EV-only factory within the United States. During a…