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<blockquote data-quote="Weather Man" data-source="post: 16772149" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3838347-hyundai-to-announce-7b-georgia-ev-plant-next-week-ap?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Hyundai to announce $7B Georgia EV plant next week - AP</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 -1.11%</a>May 12, 2022 5:57 PM ET</p><p>Hyundai (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a>) is expected to announce next week it is <a href="https://seekingalpha.com/pr/18792548-sources-hyundai-to-set-7b-us-plant-during-biden-asia-visit" target="_blank">building a huge electric vehicle plant</a> near Savannah, Georgia, that could cost more $7B, Associated Press reports.</p><p>The formal announcement reportedly would come during President Biden's expected May 20-21 visit to Seoul, South Korea, although details are still being worked out.</p><p>According to <a href="https://seekingalpha.com/news/3834802-hyundai-looks-out-for-a-new-ev-manufacturing-plant-in-us-plans-for-georgia-reuters" target="_blank">previous report</a>, the facility would serve 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.</p><p>Hyundai's (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a>) battery supplier, SK Innovation, has built two adjacent plants in Georgia.</p><p>The Hyundai (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a>) plant would be the second massive EV project announced in Georgia in less than a year, after Rivian Automotive <a href="https://seekingalpha.com/news/3779350-rivian-automotive-is-expected-to-build-electric-vehicles-in-georgia" target="_blank">said in December it would build a $5B plant east of Atlanta</a>.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16772149, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3838347-hyundai-to-announce-7b-georgia-ev-plant-next-week-ap?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Hyundai to announce $7B Georgia EV plant next week - AP[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/HYMTF?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']HYMTF -1.11%[/URL]May 12, 2022 5:57 PM ET Hyundai ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL]) is expected to announce next week it is [URL='https://seekingalpha.com/pr/18792548-sources-hyundai-to-set-7b-us-plant-during-biden-asia-visit']building a huge electric vehicle plant[/URL] near Savannah, Georgia, that could cost more $7B, Associated Press reports. The formal announcement reportedly would come during President Biden's expected May 20-21 visit to Seoul, South Korea, although details are still being worked out. According to [URL='https://seekingalpha.com/news/3834802-hyundai-looks-out-for-a-new-ev-manufacturing-plant-in-us-plans-for-georgia-reuters']previous report[/URL], the facility would serve 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 ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL]) battery supplier, SK Innovation, has built two adjacent plants in Georgia. The Hyundai ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL]) plant would be the second massive EV project announced in Georgia in less than a year, after Rivian Automotive [URL='https://seekingalpha.com/news/3779350-rivian-automotive-is-expected-to-build-electric-vehicles-in-georgia']said in December it would build a $5B plant east of Atlanta[/URL]. [/QUOTE]
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