Hyundai to build second North American electric car assembly plant, Canada a candidate

Hyundai Motor Group is already eyeing its second North American EV assembly plant, while its first is still under construction in Bryan County, Georgia. According to Hyundai Auto Canada’s CEO, Don Romano, “Canada’s going to be part of that conversation.”

Hyundai initially revealed plans for its first dedicated EV facility in North America last May. The South Korean automaker agreed to invest $5.5 billion to build a new EV assembly and battery plant in the state of Georgia.

Although initial plans included beginning construction in early 2023, the Inflation Reduction Act (IRA), passed in August, prompted the automaker to break ground on October 25, 2022.

The 3,000-acre project is the largest in the state’s history, forecasted to produce around 300,000 electric vehicles annually. Although Hyundai’s primary focus is in Georgia currently, the plant alone likely won’t be enough to meet North American demand in the future, says Romano.

Speaking with Automotive News Canada, Romano said that “Canada is on the list for future growth” regarding Hyundai’s second EV assembly plant in the region. However, he added, “We’re going to obviously go where we see the most advantageous future for electric vehicles.”