Hyundai Is Becoming the New Tesla

Hyundai has a lot riding on a patch of rural Georgia. In October, the South Korean auto giant opened a new electric-vehicle factory west of Savannah at the eye-watering cost of $7.6 billion. It’s the largest economic-development project in the state’s history (one that prompted the Georgia statehouse to pass a resolution recognizing “Hyundai Day”). For now, workers at the so-called Metaplant are building the company’s popular electric SUV, the Hyundai Ioniq 5, and soon more EVs will be built there, too. And to power those vehicles, Hyundai is set…

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