Hyundai's Kia Plans $200M Expansion To Georgia Facility

Kia, owned by Hyundai Motor Company HYMTF is investing more than $200 million to transform Georgia’s West Point assembly plant.

The car manufacturer plans to assemble the all-electric 2024 EV9 three-row SUV in the second quarter of 2024.

The expansion is expected to create nearly 200 additional jobs in Troup County with EV9 joining the Telluride, Sorento and Sportage SUVs and the K5 mid-size sedan as the fifth model to be assembled at Kia Georgia.

Also Read: Hyundai Workers In South Korea Go On First Strike In Five Years

EV9 will be Kia’s first EV to assemble in North America.

“Like Telluride, EV9 has the potential to be another ‘game changer’ for Kia,” said president & CEO, Kia North America and Kia America Sean Yoon.

“This will be the most sophisticated vehicle that we have ever built and will be a standout in the EV market and on the road.”

Price Action: HYMTF shares closed higher by 0.28% at $42.61 on Wednesday.

Also Read: Hyundai Mulls Joining Tesla’s North American Charging Standard Alliance

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