On the 21st, Hyundai Motor Group announced that it would spend 6.3 trillion won, equivalent to 33.39 billion yuan, to build its first electric vehicle factory in the United States The plant is located in Georgia. In addition to electric vehicles, a battery manufacturing plant will be built at the same time. Today, US President Biden visited Samsung Semiconductor Factory, which also promoted the US Georgia government and South Korea Hyundai Motor Group to sign an agreement on the construction of an electric vehicle factory.
Hyundai Motor said that the reason for locating the plant in Georgia is that it pays more attention to commercial factors such as the listing speed and supply chain relationship of the state.
It is reported that the plant will start construction in 2023, covering an area of 11.83 million square meters. The production capacity will reach 300000 in 2025.