Hyundai is considering establishing a second electric vehicle (EV) manufacturing facility in North America, and Canada is among the potential locations being explored, according to Automotive News. The South Korean automaker aims to expand its footprint in the all-electric vehicle sector and capitalize on the growing demand for EVs in the region. Hyundai Auto Canada’s CEO, Don Romano, revealed that the company is in discussions about its “step two” EV plans for North America, and Canada is a key part of that conversation. Talks have already taken place with Canadian officials, alongside engagement with government representatives from the United States and Mexico. Hyundai is actively seeking opportunities to boost its EV production capacity in line with its ambitious growth targets for the next decade.
The company’s previous plant was shut down in the year 1995
To strengthen the case for Canada, François-Philippe Champagne, Canada’s Minister of Innovation, Science, and Industry, met with Hyundai officials during a trip to South Korea. On his official Twitter account, Champagne pledged to work together with Hyundai to expand and collaborate in the EV and critical minerals sectors. Industry experts support Canada’s bid to become an EV manufacturing hub, citing the country’s battery plants, technological expertise, and skilled workforce. Sam Fiorani, vice-president of global vehicle forecasting at AutoForecast Solutions, noted that Canada’s push for an EV future aligns with the industry’s trajectory and offers significant advantages for Hyundai’s expansion plans.
If Hyundai chooses Canada for its second North American EV factory, it would mark the brand’s second venture in the region. Hyundai previously established an assembly plant in the area in 1989, but due to lower-than-expected sales, it was temporarily halted in 1993 and ultimately shut down in 1995.
With its existing manufacturing facilities in the United States, including the recently announced EV factory in Georgia, Hyundai aims to solidify its position as a leading player in the North American EV market. Canada’s favorable conditions and government support make it an attractive prospect for Hyundai’s expansion plans. The company is already making record sales in the United States, and this is just another step in the right direction.
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