Hyundai Motor Group to invest $7.4B in US by 2025 for EVs, smart mobility, enhanced production
Green Car Congress
MAY 14, 2021
billion in the US by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions. Hyundai and Kia will invest in growing its EV manufacturing footprint to scale production and satisfy US market demands. Hyundai and Kia will monitor the market conditions and US government EV policy to finalize its plan to enhance its US production facilities and gradually expand its local EV production.