South Korean auto giant Hyundai has announced that it will establish an electric car factory worth 5.5 billion dollars in the USA. With this move, the giant company will aim to be the leader in the electric vehicle market in the country.
The automotive sector, which causes a significant portion of carbon emissions with the rapidly increasing effects of climate changes, is trying to make moves towards a more sustainable future. Many companies from around the world will establish factories and completely expand their vehicle fleets in the coming years. to electric cars announces their plans to spend
In the past days, we shared with you that a move on this issue came from Subaru and that the giant company announced when it will open its first electric car factory. Now, the South Korean-based auto giant, which stepped into the NFT world a few weeks ago. from Hyundai There has been a big move in the electric vehicle industry.
Hyundai to build a $5.5 billion electric car factory in the US
According to reports, Hyundai Motor Group is the first in the US. electric vehicle and battery manufacturing plant signed an agreement to build. In the statements made, it was stated that the factory will be established in the state of Georgia. Besides, the facility It will be worth 5.5 billion dollars and will provide employment to 8,000 people. Recognition was also among the statements received.
State Governor Brian Kemp stated that they are pleased to welcome Hyundai to Georgia to build an innovative future and that the facility will be one of the largest economic development projects in the state’s history. In addition, in the statements from the managers of the company, the construction of the facility will start in January 2023, in the first half of 2025 It was stated that the completion of the factory is planned. In addition, the annual 300.000 vehicle capacity It was also stated in the incoming statements that the company will own an investment of 1 billion dollars and is expected to receive an additional investment of 1 billion dollars.
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Global vehicle fleet in the next seven years converting 27% to electric cars With this move, Hyundai plans to become the leader in the electric vehicle market in the USA, where Tesla is dominant. It is also stated that it is aimed to create a stable supply chain for electric vehicle components with battery production. Finally, the giant company has recently launched for electric vehicles. It will invest $16.5 billion in South Korea by 2030. Let’s add what you said.