Hyundai to Build $5.54 Bn-Manufacturing Plant for Electric Vehicles, Battery in US
South Korea’s Hyundai Motor Group said on Saturday that it will invest $5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the US to further solidify its electrification push in the world’s most important automobile market. The announcement comes as US President Joe Biden is visiting South Korea as part of his first trip to Asia amid ongoing tension with China and continued provocations from North Korea, reports Yonhap News Agency.
Hyundai Motor Group plans to start construction on…