Hyundai to build dedicated EV factory complex in U.S.

SEOUL, May 23 (UPI) — South Korean automaker Hyundai Motor announced Friday it would invest $5.5 billion to build a dedicated electric vehicle and battery factory complex in Bryan County, Ga.

Two days later, Hyundai Motor Chairman Chung Eui-sun said the company would invest an additional $5 billion in the United States by 2025 for self-driving software, artificial intelligence and robotics.

Hyundai strives to start commercial production in early 2025 with an annual capacity of 300,000 units in Georgia. The firm said that details about the battery plant would be disclosed later.

The Seoul-based company expected that the projects would create around 8,100 new jobs.


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