Hyundai Motor Manufacturing Alabama says it will invest $290 million in its Montgomery assembly plant, paving the way for the plant to build the next-generation Santa Fe SUV.
About $190 million will be spent to retool its production line for the fifth-generation Santa Fe, with the rest supporting production of other vehicles, the company said Wednesday.
“The legacy of the Santa Fe continues with HMMA investing $190 million dollars to prepare our assembly plant for the next generation of this popular SUV,” HMMA President and CEO Ernie Kim said. “An additional $100 million will be invested to support ongoing production of the Tucson SUV and Santa Cruz Sport Adventure Vehicle.”
HMMA began building the Santa Fe in 2006. This will be the first full model change in five years.
Assembly of the new Santa Fe will begin later this year, with the vehicle joining the Tucson, the Santa Cruz and both the electrified and gas versions of the Genesis GV70 luxury SUV on HMMA’s assembly line.
“Hyundai’s nearly 4,000 Alabama employees have been making some of the highest awarded vehicles in America for nearly two decades, and the production of the completely re-designed Santa Fe mid-size SUV is another exciting milestone for the company’s Montgomery manufacturing facility,” Governor Kay Ivey said Wednesday. “I can’t wait to see the exciting new design on roads in Alabama and across the nation.”