Hyundai to invest USD5.54 billion in setting up EV, battery plants in the US

Circular Economy

Hyundai’s new EV plant will break ground in early 2023 and is expected to begin commercial production in first half of 2025

South Korean carmaker Hyundai Motor Group has signed an agreement with the State of Georgia, US, to build its first dedicated electric vehicle and battery manufacturing facilities, the company announced on 20 May 2022. Hyundai said that the new EV plant and battery manufacturing facilities represent an investment of about USD5.54 billion in the US.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload