Hyundai Announces Nearly $450M Montgomery Plant Expansion

Hyundai Motor Manufacturing Alabama plans to invest nearly $450 million to expand its Montgomery plant, preparing it to build engines for hybrid and extended-range electric vehicles and produce future versions of the Santa Fe and Tucson. The investment will bring Hyundai’s total investment in Alabama to nearly $2.2 billion since production began in 2005. The plant employs about 4,200 people, and the facility and its suppliers generate an annual economic impact exceeding $5 billion. State and company officials said the expansion will strengthen manufacturing capabilities, support advanced vehicle technologies and create opportunities for workers and suppliers.