Hyundai, breaking records in America, now turns its attention to the neighboring countries!

Hyundai, the South Korean automotive manufacturer, is mulling over the idea of setting up a second manufacturing facility in North America for electric vehicles (EVs), with Canada being a strong contender among potential locations, as reported by Automotive News. This plan is a part of Hyundai's strategy to enlarge its presence in the EV sector and leverage the escalating demand for EVs in the region.

Hyundai Auto Canada's CEO, Don Romano, disclosed that the firm is currently discussing its "step two" EV strategies for North America, with Canada playing a crucial role in these discussions. Meetings have already been held with Canadian authorities and officials from the United States and Mexico, as Hyundai actively searches for opportunities to increase its EV production capabilities, aligning with its aggressive growth objectives for the coming decade.

For Canada's case, François-Philippe Champagne, Canada’s Minister of Innovation, Science, and Industry, engaged with Hyundai representatives during a visit to South Korea. On his official Twitter account, Champagne committed to collaborate with Hyundai to grow and innovate in the EV and critical minerals sectors.

Hyundai, breaking records in America, now turns its attention to the neighboring countries!

Industry analysts back Canada's aspiration to become an EV manufacturing hub, referring to the country's battery plants, technical know-how, and competent workforce. According to Sam Fiorani, the vice-president of global vehicle forecasting at AutoForecast Solutions, Canada's drive for an EV future is in line with the industry's path and offers substantial benefits for Hyundai's expansion plans.

If Hyundai decides on Canada as the location for its second North American EV plant, it will signify the brand's second enterprise in the region. Hyundai had previously set up an assembly plant in the area in 1989, but due to lower-than-projected sales, the operations were temporarily suspended in 1993 and permanently closed in 1995.

With its current manufacturing facilities in the United States, including the recently unveiled EV factory in Georgia, Hyundai aims to fortify its status as a predominant entity in the North American EV market. The conducive conditions and government support in Canada make it an appealing prospect for Hyundai's expansion endeavors. Hyundai is already witnessing record-breaking sales in the United States, and this move is yet another stride in the correct direction.

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