Hyundai Motor to invest US$450 mln to expand Alabama plant
SEOUL, Oct. 29 (Yonhap) -- Hyundai Motor Co.'s U.S. manufacturing subsidiary has...
Hyundai Motor Co. plans to invest approximately US$450 million to expand its Alabama manufacturing plant, according to a recent announcement. The investment, part of Hyundai Motor Group's $26 billion commitment to the U.S. between 2025 and 2028, aims to bolster the plant's engine production capacity and prepare for upcoming models.
The expansion will enable HMMA to produce additional powertrain variants, specifically for hybrid and extended-range electric vehicles. Additionally, the plant will be upgraded to accommodate the all-new Tucson SUV, set for production by the end of 2026, and the refreshed Santa Fe SUV.
Mark Rader, president and CEO of HMMA, emphasized the significance of these investments in strengthening the plant's manufacturing capabilities and ensuring its continued role as a vital component of Hyundai's North American operations.
The announcement has been welcomed by South Korean Ambassador to the United States, Kang Kyung-wha, who described it as an "outstanding example" of the bilateral partnership between the two nations. She further highlighted that the investment strengthens the integration of the automotive industries in both countries.
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