Hyundai seeks to establish a new factory for electric cars in America

Hyundai Motor Company is seeking to establish a new factory for electric cars in America, in order to manufacture its electric cars for itself and for KIA, as the company recently held several discussions with officials within the state of Georgia near the already existing factories of Hyundai and KIA.

Hyundai conquers the electric car market in America

The South Korean company, Hyundai Motor , said in a statement to “Reuters”, that it is preparing during the current period to announce its new plan, which includes establishing an electric car factory in America soon, but it did not provide any other details during this stage.

In this regard, Hyundai Motor Company confirmed, in a statement to Reuters, while answering a question about its investment plans in the next stage, that the company is very excited to announce the plan to establish a factory in the US car market.

Another source with direct knowledge of those talks between Reuters and Hyundai said that the latter is currently in advanced discussions with a number of officials in the United States of America regarding the construction of a factory dedicated to the production of electric cars in Georgia.

It is noteworthy that Alabama Governor Kay Levy has stated that his government has partnered with Hyundai Motor Company for support and funding to prepare the state’s auto industry for the EV revolution.

Investing in electric vehicles in the US market

It is worth noting here that Hyundai’s announcement of its next plan came at a time when the administration of US President Joe Biden was demanding more investment in electric and hybrid cars, in the context of creating a lot of job opportunities as well as encouraging clean energy work, and reducing harmful emissions. for conventional fuel engines.

In particular, Hyundai’s announcement of this investment deal represents a very important step in promoting the economic development of Georgia, which in turn seeks to consolidate its position as a regional center in the emerging electric vehicle industry.

The Atlanta Journal-Constitution reported that Hyundai can employ approximately 8,500 people as part of its future plans to establish a new factory, and the plant is expected to be built on an area of ​​2,200 acres.

The newspaper also reported that the United States of America had presented this investment plan earlier to a number of other car companies such as: Rivian, Volvo, and Jaguar Land Rover.

For its part, the US government confirmed that it will allocate more than 3 billion dollars to support infrastructure projects, as well as to finance electric cars in America, as America seeks to have half of the vehicles sold by it become electric by 2030.