MONTGOMERY, Alabama — Automaker Hyundai announced plans today to begin building the hybrid version of its Santa Fe sport utility along with the first electrified Genesis GV70 SUV as the Montgomery factory expands its U.S. production to include electric vehicles.
To accommodate the growth, Hyundai plans to invest $300 million and create 200 jobs at its only U.S. manufacturing center. The latest milestone for Hyundai Motor Manufacturing Alabama (HMMA) was made official after the recent signing of a project agreement with Governor Kay Ivey at the state Capitol.
This morning, Jose Munoz, president and CEO of Hyundai Motor North America, formally announced the automaker’s electric vehicle production plan for its Alabama assembly plant at the New York Auto Show.
“Over the years, we have developed an enduring partnership with Hyundai, and it’s been great to witness the profound economic impacts of the company’s continued investments in Alabama,” Governor Ivey said. “Hyundai’s new growth plans in Montgomery will help prepare the state’s auto industry for the EV revolution while also aligning with our strategic initiatives such as Drive Electric Alabama.