'Another major milestone': Hyundai pours $300M into Montgomery plant to build electric vehicles
Hyundai plans to start production of its first Alabama-made electric vehicles this fall, part of a $300 million expansion that will create 200 more jobs.
The company on Tuesday announced that its Santa Fe Hybrid would start rolling off the assembly line in Montgomery this October. It will be the first electric vehicle the company has made in America. The plant will start production of the Electrified Genesis GV70 luxury SUV in December.
"Hyundai Motor Co. is taking its first steps toward bringing electric vehicle production to the United States," Hyundai Motor Manufacturing Alabama President and CEO Ernie Kim said in a statement announcing the expansion. "We are excited to showcase our team members in producing electric vehicles here in Alabama."
The Santa Fe Hybrid powertrain features a turbocharged four-cylinder engine coupled with a six-speed automatic transmission and reaches up to 34 miles per gallon, according to company documents. The 2022 model is available at dealerships now.
The all-electric GV70 will be a new model for 2023 and full specifications have not yet been released. Car & Driver expects it to get about 300 miles per charge while carrying enough horsepower to make it among the fastest compact SUVs on the market.
Read more: https://www.montgomeryadvertiser.com/story/news/2022/04/12/montgomery-hyundai-plant-part-300-million-expansion/7281608001/
