Hyundai to Invest Nearly $450 Million in Montgomery Plant Expansion
The expansion will add hybrid and extended-range electric vehicle engine production and lift Hyundai’s Alabama investment to nearly $2.2 billion, officials said.
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7 Articles
Hyundai Motor is investing an additional 600 billion won in its Alabama plant. This move aims to expand its production base for hybrid vehicles and Extended Range Electric Vehicles (EREVs) and is part of a $26 billion (approximately 34 trillion won) investment in the U.S. scheduled to run through 2028. Hyundai Motor Alabama (HMMA) announced on the 28th (local time) that it will invest $450 million in its Montgomery production plant.
연합뉴스-Yonhap News Agency
korean-vibe.comHyundai Motor to invest US$450 mln to expand Alabama plant
By Kim Eun-jung SEOUL, Oct. 29 (Yonhap) -- Hyundai Motor Co.'s U.S. manufacturing s...
Hyundai to invest nearly $450 million in Montgomery plant expansion
Gov. Kay Ivey joined company officials and state and local leaders Wednesday to announce the investment. The expansion will bring Hyundai’s total investment in Alabama to nearly $2.2 billion since production began in 2005.
Hyundai Alabama Plant Expansion Targets Hybrid and EREV Output in Montgomery
Hyundai Motor Manufacturing Alabama will invest nearly $450 million to expand its Montgomery plant, adding engine capacity for hybrid and extended-range electric vehicles and tooling for the all-new Tucson and refreshed Santa Fe. Announced October 28, 2026, the project carries $412.9 million in capital investment and 53 new jobs, according to reported governor’s office figures. […]
[Digital Daily Reporter Yoon Seo-yeon] Hyundai Motor is investing an additional $450 million (approximately 600 billion won) in its Alabama plant in the United States. The company is preparing for the production of the new Tucson and the facelifted Santa Fe, while simultaneously expanding engine production capabilities to support hybrid vehicles and Range-Extended Electric Vehicles (EREVs). Hyundai Motor Alabama (HMMA) announced on the 29th tha…
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