Genesis will begin production of its best-selling GV70 compact SUV alongside the electric version of the model in Montgomery, Alabama, starting in 2024.
"We are pleased to bring further assembly of Genesis vehicles to the United States, bolstering availability of our products and investing in our communities," said Claudia Marquez, chief operating officer of Genesis Motor North America.
Prices for the GV70 start at $44,275 with a 300 hp turbocharged four-cylinder engine and $56,375 with a 375 hp V6, while the GV70 Electrified lists for $67,550.Building the GV70 Electrified in the U.S. puts it in position to qualify for the $7,500 federal tax credit for electric vehicle purchases, but it currently uses imported batteries that make it ineligible.
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