SEOUL, May 8 Reuters Hyundai Motor Co plans to use the investment it has already lined up for the United States to produce hybrid vehicles at its electric vehicle EV plant there.
The world39;s No.3 automaker by sales together with affiliate Kia Corp, aims to use investment in its EV and battery manufacturing facilities in Georgia to produce hybrid cars, Hyundai Motor39;s global Chief Operating Officer Jose Munoz told a business conference hosted by the Financial Times on Wednesday.
I think we can handle that within the current investment more or less …. It is already a lot, said Munoz.
South Korea39;s Hyundai Motor Group, which houses Hyundai Motor and Kia, said it would invest 12.6 billion for new dedicated EV and battery manufacturing facilities in Georgia its largest investment outside South Korea.
Munoz39;s comments come after the automaker said last month it planned to add equipment to build hybrid vehicles at the Georgia plant, which is set to start production in the second half of this year.
Now we are at this pivotal point where we can decide if we39;re going to go full electric or if we should go for something else. My vote here is that we should go for something else in addition to electric, said Munoz, when asked about Hyundai39;s decision to add hybrids to the plant.
Automakers and suppliers are adding capacity to build gasolineelectric hybrid and plugin hybrid vehicles for the U.S. market, responding to increased consumer demand for technology…