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Hyundai plans to expand EV manufacturing in the US

Hyundai is adamant about taking advantage of the current state of things in the US such as emerging technologies and popularity in electric vehicles. They are going to make use of it by producing the electric Genesis G70 in its Alabama plant, marking the first vehicle manufactured in the US.

Hyundai Genesis GV70
Genesis GV70

With these changes, Genesis will be closer to its goal of going all-electric by 2030. All new ICE models will be phased out by 2025. The company’s objective is to achieve net-zero carbon emissions by 2035, according to the CEO of Genesis Jay Chang.

The business intends to start manufacturing at its US facility in Montgomery, Alabama, early next year. This facility now produces a variety of ICE Hyundai vehicles as well as a variety of combustion engines.

The ICE version of the GV70 was released in the United States in June and has experienced early success. This, according to analysts, is why Hyundai Motor picked the electrified crossover as its first EV vehicle made in the United States.

According to the article, the GV70 EV would be followed by other Hyundai Motor Group zero-emission cars one after the other. The planned Ioniq 5 and Kia’s EV6 might be included in the future, however, this has not been verified.

Hyundai Motor, according to analysts, has made a bold move into the electric vehicle industry in the United States. From the start of next year, the manufacturer plans to produce its vehicles in the United States in order to break into the EV market. It plans to launch the GV70 EV initially in order to boost its brand image. The electric vehicle industry in the United States is predicted to increase fast from 360,000 units in 2020 to 7.2 million units in 2030 and 12.5 million units in 2040.

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