Hyundai Motor plans to invest $5.54 billion to build an electric car and battery plant in the United States. Construction of the new plant in Georgia will begin in early 2023. Production is planned to start in the first half of 2025. The company will produce about 300 thousand cars per year. The company will also invest $16.43 billion until 2030 to expand its electric car business in South Korea.
Hyundai Motor plans to invest $5.54 billion to build an electric car and battery plant in the United States. Construction of the new plant in Georgia will begin in early 2023. Production is planned to start in the first half of 2025. The company will produce about 300 thousand cars per year. The company will also invest $16.43 billion until 2030 to expand its electric car business in South Korea. 
reuters.com
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