Hyundai is making a point of investing a whole lot of money into the United States in order to procure more electric vehicles. This will also help grow the production facilities that run rampant around the United States. HMG happens to be the umbrella encompassing over them and the Kia Corporation. The plan is that sums will be entirely in the United States by 2025. They better be okay with the idea to invest $7.4 billion in order to enhance product competitiveness. with no worries towards Hyundai. One would almost assume that there would be a better way to go about the Kia EV6 Crossover. But it’s as HMG would’ve wanted.
Hyundai Does Know What They’re Doing
From a press release let out earlier, Hyundai has mentioned that they are planning to invest. How much? About $7.4 billion to enhance the overall product competitiveness that comes out from the USA. This is given that they are going to prioritize future mobility technologies, such as electric vehicles from HMG as well as Kia. Why they haven’t done this sooner beats me? As far as I’m concerned, it is of course going to be a show-stopper.
Hyundai has both of the automakers using the cashflow to grow EV manufacturing on a stateside level in order to scale production and uphold demand with the US market. This is also going to be evident in areas such as other electric vehicles in the USA. This will happen because of the Ioniq 5 and the upcoming EV6 crossover.
When asked for comment, the one and only José Muñoz, Hyundai Motor Company’s Global Chief Operating Officer and President and CEO of Hyundai Motor North America, had this to say: “I am excited to make this announcement on behalf of the Hyundai Motor Group. This investment demonstrates our deep commitment to the US market, our dealers and customers.” It’s in his strong belief that Hyundai may lead the way to mobility. The question is, will anyone stop them?