Hyundai to invest $450 million expanding Alabama plant
Briefing by News4U · First published
Hyundai Motor's U.S. unit will spend $450 million to enlarge its Montgomery, Alabama factory, part of a $26 billion U.S. investment plan through 2028.
Sina Finance reported that Hyundai Motor's U.S. manufacturing subsidiary announced plans to invest about $450 million to expand its factory in Montgomery, Alabama, to prepare for future vehicle production. [1]
The investment forms part of Hyundai Motor Group's commitment to invest $26 billion in the United States between 2025 and 2028. [1]
The expansion will increase engine production capacity for hybrid and extended-range electric vehicles and prepare the plant for a new Tucson SUV and an updated Santa Fe SUV scheduled for late 2026. [1]
Sources
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Sina Finance · · Full text