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<blockquote data-quote="Weather Man" data-source="post: 16620386" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3696427-hyundai-to-build-evs-in-us-in-74b-investment-plan" target="_blank">Hyundai to build EVs in U.S. in $7.4B investment plan</a></p><ul> <li data-xf-list-type="ul">Hyundai (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a>) unveils plans to <a href="https://www.motor1.com/news/507187/hyundai-massive-us-operations-investment/" target="_blank">spend $7.4B on its facilities in the U.S. through 2025</a> to include factory upgrades for building electric vehicles starting next year.</li> <li data-xf-list-type="ul">Hyundai confirms the <a href="https://www.bnnbloomberg.ca/hyundai-to-build-evs-in-u-s-as-part-of-7-5-billion-investment-1.1603525" target="_blank">EVs will be made at its assembly plant in Montgomery, Alabama</a>; it is not clear if the company's Kia factory in West Point, Georgia, also would make the vehicles.</li> <li data-xf-list-type="ul">The company also expects to invest in hydrogen infrastructure in the U.S., including building a fuel cell truck demonstrator that will debut later in the year.</li> <li data-xf-list-type="ul">Hyundai already sells the battery-powered Kona and Ioniq in the U.S., and it will introduce a new EV, the Ioniq 5, to the U.S. this fall; its Kia unit, which sells the Niro EV in the U.S., will bring in the EV6 next year.</li> <li data-xf-list-type="ul">Hyundai, whose Alabama assembly plant is at full capacity in making 400K vehicles per year, has been <a href="https://seekingalpha.com/news/3689276-hyundai-us-retail-sales-jumped-146-in-april-eco-friendly-vehicles-640" target="_blank">achieving sales records in the U.S.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16620386, member: 137766"] [URL='https://seekingalpha.com/news/3696427-hyundai-to-build-evs-in-us-in-74b-investment-plan']Hyundai to build EVs in U.S. in $7.4B investment plan[/URL] [LIST] [*]Hyundai ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL]) unveils plans to [URL='https://www.motor1.com/news/507187/hyundai-massive-us-operations-investment/']spend $7.4B on its facilities in the U.S. through 2025[/URL] to include factory upgrades for building electric vehicles starting next year. [*]Hyundai confirms the [URL='https://www.bnnbloomberg.ca/hyundai-to-build-evs-in-u-s-as-part-of-7-5-billion-investment-1.1603525']EVs will be made at its assembly plant in Montgomery, Alabama[/URL]; it is not clear if the company's Kia factory in West Point, Georgia, also would make the vehicles. [*]The company also expects to invest in hydrogen infrastructure in the U.S., including building a fuel cell truck demonstrator that will debut later in the year. [*]Hyundai already sells the battery-powered Kona and Ioniq in the U.S., and it will introduce a new EV, the Ioniq 5, to the U.S. this fall; its Kia unit, which sells the Niro EV in the U.S., will bring in the EV6 next year. [*]Hyundai, whose Alabama assembly plant is at full capacity in making 400K vehicles per year, has been [URL='https://seekingalpha.com/news/3689276-hyundai-us-retail-sales-jumped-146-in-april-eco-friendly-vehicles-640']achieving sales records in the U.S.[/URL] [/LIST] [/QUOTE]
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