Hyundai Expands Electric Vehicle Factory to Include Hybrid Production
While the Georgia factory was initially planned to manufacture EVs, Hyundai made the decision to include hybrids following the release of its first-quarter earnings.
Originally intended for just electric vehicle production, Hyundai’s future Georgia facility will now also produce hybrid vehicles, according to CBT News.
During a quarterly shareholders call, Hyundai executives said there was a spike in hybrid demand since the beginning of 2024, outpacing EV demand in some regions. Its first quarter saw EV sales fall and hybrid demand increase.
The Georgia facility is slated to launch production later this year, producing up to 300,000 units annually that will include hybrid vehicles such as the Tucson.
