Hyundai Will Build Another North American Assembly Plant – and It Could Be in Canada

•    Hyundai considering a new EV production plant in North America, and Canada is a possibility.

When it comes to Hyundai and vehicle production in Canada, there’s an unfortunate history that comes to mind, particularly to folks in Quebec, and more particularly in the Bromont region east of Montreal. Back in the 1980s, the Korean automaker built an assembly plant there at great expense ($450 million), only to shutter it just a few years later. 

That plant was inaugurated in 1986 and closed first in 1993, then more definitively in 1994. The facility never operated at full capacity, in fact, during its brief presence in the region, it never exceeded 20 percent of its total production capacity. 

A lot has changed since then. Hyundai is no longer a fledgling company trying to establish itself. The Hyundai Group is now the world's third-largest automaker. Here in Canada, it ranks fourth in total sales behind Ford, General Motors (GM) and Toyota - and ahead of Stellantis, Honda and Volkswagen. 

With the exception of VW, all the other automakers mentioned assemble vehicles in Canada, more specifically in Ontario. And Volkswagen recently announced the construction of a battery manufacturing plant for electric vehicles, also in Ontario. 

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