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billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. Source: BostonConsultingGroup) Hyundai and Kia already have some of the most affordable and fuel-efficient EVs on the market, including the IONIQ 5, IONIQ 6, and Kia EV6.
By some estimates, upwards to 80,000 auto workers and a similar number in the auto supply chain have already been laid off globally to support the EV transition. The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable.
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