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Hyundai’s electrified Genesis GV70 will be its first EV manufactured in the US

Hyundai's electrified Genesis GV70 will be its first EV manufactured in the US

Hyundai will manufacture electric vehicles in the United States starting in December of this year with the Genesis GV70 electric crossover, the company announced at the New York Auto Forum in a video watched Car News. It’s part of a grand plan to invest $7.4 billion in the United States by 2025 to develop a family of electric vehicles and smart mobility technology.

Hyundai will begin electric production at its Montgomery, Alabama plant in October with the Santa Fe Hybrid, the company announced at a ceremony with Alabama Governor Kay Ivey. It will invest $300 million to get started, and it will create 200 new jobs at the factory (the only manufacturing facility in the US). The company currently makes Elantra sedans, Santa Fe, Tucson SUVs and a Santa Cruz adventure sports utility vehicle on the Montgomery assembly line.

Hyundai will start manufacturing the Genesis GV70 EV in the US later this year

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The Genesis GV70 EV was quietly revealed late last year at the Guangzhou Auto Show in China. The company has yet to announce US specs, which may be why it didn’t mention the GV70 EV at all in its press release. However, the Korean version will come with an 800-volt charging system and a 77.4 kWh battery good for a range of 400 km (247 miles) according to the Korean test cycle.

It also features two electric motors producing 482 horsepower and 516 pound-feet of torque, which is significantly more than the ICE version of the GV70. According to the images, the luxurious, tech-savvy interior will be identical to that of the current gas-powered GV70.

Hyundai has taken some time to set US production dates for electric vehicles, and track recent similar announcements by Toyota and Volkswagen. All three companies, which operate non-union plants in the United States, have opposed the Biden administration’s plan to offer additional tax incentives to unionized automakers. Meanwhile, Hyundai union workers in Korea want the company to boost domestic electric vehicle production instead of investing abroad. All of that should be balanced against tariffs on US auto imports, set at 2.5 percent for cars and 25 percent for pickups and SUVs.

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