Shulou(Shulou.com)11/24 Report--

On September 7, according to foreign media reports, it was reported at the end of last month that due to the new US law's tax relief for electric car buyers, which is limited to electric vehicles assembled only in North America, Hyundai has not yet produced electric cars in North America. Consider speeding up the construction of electric vehicles and battery factories in Georgia, and start construction to this year.

According to the latest foreign media reports, even if they start construction ahead of time and speed up construction, electric vehicles produced by Hyundai and Kia, two major brands of Hyundai Motor Group, will still be unable to receive subsidies from the United States for two years.

Foreign media reported that in order to obtain subsidies from the United States as soon as possible, Hyundai Motor Group is considering turning its two car factories in the United States to the production of electric vehicles.

Hyundai Motor Group is considering turning to factories that produce electric cars, Hyundai's plant in Alabama, which plans to produce the IONIQ 5, and Kia's plant in Georgia, which is used to produce EV6.

Hyundai IONIQ 5 and Kia EV6 already have sizeable sales in the US market, pushing Hyundai Motor Group's share of the US electric car market second only to Tesla, both of which are currently exported to the United States from South Korea.

However, foreign media also mentioned in the report that Hyundai needs the consent of the trade union to turn its two factories in the United States to produce electric cars. According to the labor agreement of Hyundai Motor Group, the same car can be produced both in South Korea and abroad only after consideration and vote by the union and the labor conference. The construction and expansion of overseas factories must also meet this requirement.

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