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Hyundai plans bigger U.S. output at new Georgia plant
The capacity expansion is tied to Hyundai's plan to invest $26 billion in the U.S. through 2028.
Hyundai will raise production capacity in the United States at a new plant in Georgia, according to a CEO interview aired by CNBC Markets.
CNBC World reports the company’s previously undisclosed capacity increase is part of a broader U.S. investment plan, with Hyundai set to invest $26 billion in the country through 2028.
The expansion underscores Hyundai’s push to expand manufacturing footprint in North America, supported by the company’s multi-year capital plan.