Hyundai Is Tesla’s Latest Challenger With Plan For $5.5 Billion U.S. EV, Battery Plant

Hyundai Motor Group intends to invest $5.54 billion in its first dedicated electric vehicle and battery plant in the U.S., joining General Motors, Ford, Volkswagen and other global auto giants that seek to dethrone Tesla as the world’s top EV brand. The Seoul-based carmaker intends to build the …