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Hyundai Announces Multi-Billion Dollar Investment In The US

Hyundai and Kia will build future EVs in the US. At the end of May, Hyundai will introduce the Ioniq 5 to the US. Slated to arrive later in 2021, Hyundai s first dedicated electric vehicle will sport up to a 300-mile driving range with 301 horsepower and 446 lb-ft of torque available in the all-wheel-drive model. The Hyundai Motor Group will release more EVs after the Ioniq 5, including the mechanically similar Kia EV6. To prove its commitment to sustainability, HGM will invest $7.4 billion to build EVs in the United States. Hyundai and Kia will each produce American-made battery electric vehicles, with production starting in 2022. The company says, output will be implemented in line with market conditions and local EV policy. In addition to EVs, HMG wants to advance the hydrogen ecosystem in the US. The Hyundai Nexo is one of only two hydrogen fuel cell vehicles currently on sale here.

Hyundai And Kia To Produce Electric Cars In The U S

Hyundai And Kia To Produce Electric Cars In The U.S. May 13, 2021 at 1:07pm ET ++ $7.4 billion in the U.S. by 2025 to produce future EVs, as well as enhance production facilities and further its investments in smart mobility solutions. The most important point things for us is that both Hyundai and Kia will build American-made battery electric vehicles. Hyundai specifically will begin EV production in 2022. It s not yet known what and how many models will be introduced, as it depends on the market conditions and EV policy. Besides BEVs, the group intends to invest also in hydrogen fuel cells: HMG’s investment will enhance overall product competitiveness by prioritizing future mobility technologies, including electrification and hydrogen energy.

Hyundai Motor Group Invests a Boatload in the US - The Truth About Cars

Hyundai Motor Group Invests a Boatload in the US Hyundai Motor Group, makers of Hyundai and Kia autos, announced today their intent to invest $7.4 billion in the US by 2025. Electric vehicles, production facilities, and smart mobility is where the money will go. Putting in the work is one thing, but bringing the cash is another. Hyundai Motor knows that to be competitive in North America, you’ve got to spend like a boss. Electrification and hydrogen top their techno thought processes. José Muñoz, Hyundai Motor Company’s Global Chief Operating Officer and President and CEO of Hyundai Motor North America said, “I am excited to make this announcement on behalf of the Hyundai Motor Group. This investment demonstrates our commitment to the U.S. market, our dealers and customers.”

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