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Hyundai Motor to Start EV Production at US Alabama Plant

Hyundai to invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at Montgomery site

An employee sits in front of the logo of Hyundai Motor at its dealership in Seoul
Hyundai Motor Group, the world's third-largest automaker by vehicle sales, is building EV and battery manufacturing facilities in Bryan County, Georgia. Photo: Reuters.


South Korean auto giant Hyundai Motor Co plans to add electric vehicles (EV) for the first time to its Montgomery assembly line in the United States. 

Hyundai Motor Manufacturing Alabama said on Tuesday it plans to invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its US manufacturing centre. 

It marks another groundbreaking moment for the carmaker after it launched a new automotive plant last month to produce Indonesia’s first locally assembled electric vehicle.


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Hyundai said it would invest $1.55 billion up to 2030, with starting capacity of 150,000 vehicles per year, to be expanded later to 250,000 annually. 

The group’s chairman Euisun Chung said the new plant would also be linked with a Hyundai-LG joint venture battery plant, which is scheduled to open in 2024.

LG Energy Solution and Hyundai started construction of the $1.1 billion EV battery plant in September, which at its full capacity is expected to produce 10 gigawatt hours of battery cell power.


  • Reuters with additional editing by Sean O’Meara



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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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