Hyundai Motors plans to release no less than seven electric vehicles in the U.S. this year among all of its brands like Kia or Genesis, starting with the base Ioniq 5 model. The existing factories in Alabama and Georgia may be retrofitted for expanding EV production in America according to Hyundai’s US$7.4 billion manufacturing plan, but President Biden’s pending subsidies for carmakers registered with the United Auto Workers Union may tip the scales in the Tennessee plant’s favor.
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