March 13, 2026

Hyundai To Launch $5.5 Billion U.S. EV Plant, As New Law Dims Sales Outlook

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Hyundai To Launch $5.5 Billion U.S. EV Plant, As New Law Dims Sales Outlook

 

Hyundai will break ground on a $5.54 billion electric vehicle and battery plant in the United States, as South Korea’s biggest automaker grapples with an uncertain outlook for its EV sales in its top market.