{"id":13327,"date":"2022-05-13T03:38:15","date_gmt":"2022-05-13T03:38:15","guid":{"rendered":"https:\/\/harchi90.com\/hyundai-confirms-plans-for-a-new-electric-car-factory-in-the-us\/"},"modified":"2022-05-13T03:38:15","modified_gmt":"2022-05-13T03:38:15","slug":"hyundai-confirms-plans-for-a-new-electric-car-factory-in-the-us","status":"publish","type":"post","link":"https:\/\/harchi90.com\/hyundai-confirms-plans-for-a-new-electric-car-factory-in-the-us\/","title":{"rendered":"Hyundai confirms plans for a new electric car factory in the US"},"content":{"rendered":"
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Amid rumors of a new EV factory in Georgia, Hyundai confirms plans for a new electric car factory in the US, but it’s not clear where yet.<\/p>\n

The Korean automaker has started production of electric vehicles in the US starting with the Genesis GV70 EV at its factory in Alabama.<\/p>\n

But Hyundai also announced $ 7.4 billion investments in the US with a focus on electrification, and a new EV factory has been expected for the brand on US soils.<\/p>\n

Now there have been rumors that Hyundai has been in discussions with state governments about incentive packages to build a new EV factory. Georgia, where Hyundai and Kia already have manufacturing facilities, was one of the states mentioned.<\/p>\n

Amidst the rumors, a Hyundai spokesperson confirmed that the company is planning a new EV factory in the US, but it is not announcing details yet:<\/p>\n

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We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage.<\/p>\n<\/blockquote>\n

The publication reports that Hyundai has been in advanced discussions with officials in Georgia for “a dedicated EV facility.”<\/p>\n

Hyundai has made some great progress in electrification with the Ioniq 5, but it is only being produced in Korea and Indonesia.<\/p>\n

There’s a great market for the vehicle in the US, and it would make sense for the automaker to produce it locally. The Ioniq 5 is already sold out for up to a year in some regions in North America. Hyundai has also a series of other Ioniq electric vehicles coming to market, and those could also use some production capacity in the US.<\/p>\n

Of course, Hyundai is also involved with Kia, which is launching its own series of electric vehicles on the same platform starting with the Kia EV6.<\/p>\n

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