<ul><li>Hyundai plans to expand production capacity at its $7.6 billion EV factory in Georgia by two-thirds, increasing it to 500,000 vehicles per year.</li><li>The company is currently producing Hyundai's Ioniq 5 and Ioniq 9 models at the factory, and around 1,200 people are employed at the plant.</li><li>In addition to the expansion plans in Georgia, Hyundai also intends to build a $5.8 billion steel mill in Louisiana to produce auto parts for its assembly plants.</li><li>Hyundai's investment in these manufacturing facilities highlights its commitment to stay, invest, and grow in the American market.</li></ul>

Hyundai to expand production capacity at its Georgia EV plant to 500,000 vehicles per year

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