Hyundai invests $450M in Alabama plant for hybrids and EREVs

Hyundai Motor Manufacturing Alabama will invest about $450 million in its Montgomery plant to build hybrids and extended-range electric vehicles. The site will assemble the Tucson Hybrid and later the Santa Fe EREV as part of Hyundai Motor Group's $26 billion US investment plan through 2028.

• Alabama plant investment is about $450 million (604.6 billion won)
• Hyundai's cumulative investment in HMMA will reach about $2.2 billion
• Tucson Hybrid production moves from Ulsan exports to local assembly
• Santa Fe EREV will follow at the plant later