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<blockquote data-quote="Weather Man" data-source="post: 16770317" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3834802-hyundai-looks-out-for-a-new-ev-manufacturing-plant-in-us-plans-for-georgia-reuters?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Hyundai looks out for a new EV manufacturing plant in U.S., plans for Georgia: Reuters</a></h3><p><a href="https://seekingalpha.com/symbol/HYMTF?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">HYMTF -0.27%</a>May 09, 2022 6:12 AM ET</p><ul> <li data-xf-list-type="ul">Hyundai Motor (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a>) intends to announce a new EV manufacturing plant in U.S. and is underway discussions to build a facility in Georgia, near existing plants for the Hyundai and Kia brands, sources close to the matter stated as <a href="https://www.reuters.com/business/autos-transportation/exclusive-hyundai-plans-us-ev-plant-talks-with-georgia-sources-2022-05-09/" target="_blank">cited</a> by Reuters.</li> <li data-xf-list-type="ul">Investment details including its projected cost were not disclosed immediately.</li> <li data-xf-list-type="ul">The facility, if finalized, would serve both Hyundai and Kia as the brands move to roll out a pair of fully electric SUVs, Ioniq 7 and EV9, targeted at the U.S. market.</li> <li data-xf-list-type="ul">Hyundai's battery supplier, SK Innovation's battery unit SK On has built two adjacent plants in Georgia.</li> <li data-xf-list-type="ul">The carmaker had been working to announce its U.S. investment in EV manufacturing sometime later this month to coincide with Biden's planned visit to Seoul.</li> <li data-xf-list-type="ul">In mid-April, the company announced a $300M investment for manufacturing the all-electric Genesis GV 70 and a hybrid version of the Santa Fe at its Alabama plant.</li> <li data-xf-list-type="ul">Hyundai had indicated that it will roll out 17 by 2030, including six for its luxury Genesis brand.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16770317, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3834802-hyundai-looks-out-for-a-new-ev-manufacturing-plant-in-us-plans-for-georgia-reuters?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Hyundai looks out for a new EV manufacturing plant in U.S., plans for Georgia: Reuters[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/HYMTF?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']HYMTF -0.27%[/URL]May 09, 2022 6:12 AM ET [LIST] [*]Hyundai Motor ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL]) intends to announce a new EV manufacturing plant in U.S. and is underway discussions to build a facility in Georgia, near existing plants for the Hyundai and Kia brands, sources close to the matter stated as [URL='https://www.reuters.com/business/autos-transportation/exclusive-hyundai-plans-us-ev-plant-talks-with-georgia-sources-2022-05-09/']cited[/URL] by Reuters. [*]Investment details including its projected cost were not disclosed immediately. [*]The facility, if finalized, would serve both Hyundai and Kia as the brands move to roll out a pair of fully electric SUVs, Ioniq 7 and EV9, targeted at the U.S. market. [*]Hyundai's battery supplier, SK Innovation's battery unit SK On has built two adjacent plants in Georgia. [*]The carmaker had been working to announce its U.S. investment in EV manufacturing sometime later this month to coincide with Biden's planned visit to Seoul. [*]In mid-April, the company announced a $300M investment for manufacturing the all-electric Genesis GV 70 and a hybrid version of the Santa Fe at its Alabama plant. [*]Hyundai had indicated that it will roll out 17 by 2030, including six for its luxury Genesis brand. [/LIST] [/QUOTE]
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