Friday, 24 March, 2023

Hyundai invests $7.4B to build new EV and battery plant in the US

<p>Hyundai has announced that they will be investing $7.4B to develop smart mobility technologies, to expand its existing factory in Montgomery, US to manufacture electric vehicles as well as to develop a new factory in the US whose location is yet to be decided. The Korean car maker is also expected to announce as many as seven EV models in the country. Hyundai already has factories in China, the US, Czech Republic, Turkey, Russia, India, Brazil and Indonesia. &nbsp;<br /> &nbsp;</p>