The Korean automaker is already building a facility in Georgia, but a second EV factory could break ground in Canada.
to support production, but with the Korean company aiming to exponentially increase its all-electric vehicle business in the next decade, it’s looking to expand even further.
“Canada is now pushing for an EV future,” said Sam Fiorani, vice-president of global vehicle forecasting at AutoForecast Solutions, for Automotive News. “It makes a lot of sense to piggyback off of the battery plants and the technology, and the good people who are there to provide R&D, to provide assembly work [and] to provide supplier parts.”
If Hyundai will choose Canada as the home of its second North American EV factory, it would be the second time the Korean brand opened a manufacturing facility in this part of the world. Back in 1989, the group spent about $400 million to build its first assembly plant in the region, but sales of the then-new Sonata dwindled, so the factory was put on pause in 1993 and shut down in 1995.
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