Hyundai to Invest $190M for New Santa Fe in Alabama

Hyundai Announces $290 Million Investment in Alabama Plant for Redesigned Santa Fe

Hyundai has unveiled plans to invest $290 million into its manufacturing plant in Montgomery, Alabama. The majority of the funds, $190 million, will be allocated for tooling and equipment upgrades to produce the 2024 Santa Fe. The investment highlights Hyundai’s commitment to its Alabama plant, which has been producing award-winning vehicles for nearly two decades. Governor Kay Ivey expressed enthusiasm about the investment, stating that she is excited to see the redesigned Santa Fe on the roads in Alabama and across the nation.