SEOUL/DETROIT -- Hyundai Motor Co.'s highly anticipated plans to build an EV assembly plant in the U.S. appear to be focused on Georgia.
The Korean automaker has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia brands, people with knowledge of its plans told Reuters.
Hyundai COO Jose Muñoz told Automotive News on April 13 of the company's U.S. plans. The company on Monday declined to comment on any details, including site negotiations.
"We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage," Hyundai said in a statement to Reuters when asked about its investment plans.