Hyundai's Kia Plans $200M Expansion To Georgia Facility
Portfolio Pulse from Shivani Kumaresan
Kia, a subsidiary of Hyundai Motor Company, is investing over $200 million to expand its assembly plant in Georgia, USA. The expansion, which will create nearly 200 additional jobs, is aimed at assembling the all-electic 2024 EV9 three-row SUV. This will be Kia's first EV to be assembled in North America. Hyundai's shares closed higher by 0.28% at $42.61 on Wednesday.
July 13, 2023 | 1:59 pm
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Hyundai's investment in expanding its Georgia plant for EV assembly could boost its market position in the EV sector. The company's shares closed higher by 0.28% at $42.61 on Wednesday.
The investment in EV assembly indicates Hyundai's commitment to expanding its footprint in the EV market. This could potentially attract more investors, leading to a positive impact on its stock price.
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