“Not everybody can afford a $70,000 electric vehicle,” explained Robert Burns, a spokesman for Hyundai Motor Manufacturing Alabama, “but now we’re talking in the 30s and low 40s, and that’s a more affordable range for any consumer.”$5 billion in Georgia to build a plant“It is its own hub with its own supply base, just like we have here in Montgomery, Alabama, with all the 30+ suppliers that are nearby and another 70 that are across the country,” Burns explained.
“It’s 200 more jobs,” Burns noted, “and the facility already has a $4.8 billion economic impact on the state in the surrounding area. So this will just be an incremental increase.”Two new electrical vehicle options will soon roll off the assembly lines at its Montgomery, Alabama, plant. “It was just a few years ago that Mercedes announced a $1.1 billion investment in the electrification of vehicles platform for the assembly of SUVs, as well as the battery cell assembly as well, that would go into some of those vehicles,” Canfield pointed out.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyundai announces $5.5B electric vehicle plant in GeorgiaELLABELL, Ga. (AP) — Hyundai Motor Group confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history. Thanks SenOssoff! GAsen GApol I guess Democrats will have a cheaper, better alternative to elonmusk’s electric cars. Incredible
Source: AP - 🏆 728. / 51 Read more »
Hyundai announces $5.5B electric vehicle plant in GeorgiaHyundai Motor Group confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.
Source: wjxt4 - 🏆 246. / 63 Read more »
Kia Confirms New Korean Factory For Electric Purpose-Built Vehicles | CarscoopsThe facility will have an initial capacity of 100,000 vehicles per year, which is set to increase to 150,000 units as PBV demand rises
Source: Carscoop - 🏆 306. / 63 Read more »
Gas prices will only come down when we drive electric vehiclesThe era of cheap oil is over. Instead of hoping for lower gas prices, buy an electric vehicle. There is a shortage of cars! I can't afford one? Most people can't. People still read this paper?
Source: HoustonChron - 🏆 609. / 51 Read more »
Semiconductor shortages fuelling UK fleet electrification | AutocarOperators are looking to electric alternatives to avoid delayed vehicle deliveries How's that work? Can't imagine electric vehicles are exactly bereft of semiconductors
Source: autocar - 🏆 93. / 67 Read more »
City of Tucson considers requirement to install electric vehicle chargers'We hope that this would help to put Tucson on a future path to covert from conventional vehicles to electric vehicles,' said City of Tucson Planning and Development Services Department, Daniel Bursuck. Tucson is a poor town. The amount of cars still on the road from the 80s is mind boggling. Just know your audience. Pave the roads and build cheap public transportation.
Source: kgun9 - 🏆 584. / 51 Read more »