Hyundai COO Jose Muñoz introduced on the latest on the New York Worldwide Auto Present that his firm will construct a manufacturing unit within the US for electrical car meeting and batteries. Automotive Information experiences that Hyundai plans to speculate $300 million and create 200 new jobs on the plant.
The automaker will select a location later in 2022.
The brand new Hyundai Ioniq 5 took house three awards from the New York present: 2022 World Automotive of the Yr; World Automotive Design and Finest Electrical Car.
Muñoz additionally not too long ago introduced that Hyundai will produce the all-electric Genesis G70 and the Hyundai Santa Fe hybrid at its manufacturing unit in Montgomery, Alabama. Each fashions are to enter manufacturing earlier than the tip of 2022.
In accordance with Automotive Information, the newly introduced manufacturing unit is one piece of Hyundai’s $7.4-billion funding plans for the US, which incorporates EV manufacturing, manufacturing unit upgrades and the event of good mobility applied sciences.