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Alabama plant part of Hyundai’s $7.4 billion investment to build electric vehicles By Gabrielle Coppola May 14, 2021 A Hyundai Kona electric sport utility vehicle (SUV) in a cradle on the assembly line at the Hyundai Motor Co. plant in Nosovice, Czech Republic. (Milan Jaros / Bloomberg) Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the U.S. as part of a $7.4 billion investment that also covers hydrogen refueling stations and unmanned flying taxis. The investments will be made through 2025, Hyundai said in a statement Thursday. It didn’t specify how much money would go to each area. Hyundai Motor Co. confirmed the EVs will be made at its assembly plant in Montgomery. Kia has a factory in West Point, Georgia.

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