Reported 26 days ago
Hyundai has officially opened its new $7.6 billion electric vehicle factory in Georgia, with plans to increase production capacity from 300,000 to 500,000 vehicles annually. This announcement coincided with President Trump's declaration of a 25% tariff on auto imports, which will not affect Hyundai's U.S.-made vehicles. Hyundai aims to create 8,500 jobs at the site, which began EV production less than six months ago, and is part of a larger $21 billion investment strategy in the U.S. over the next three years.
Source: YAHOO