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Hyundai Motor planning to build 2nd U.S. factory


Hyundai Motor Co., South Korea's top carmaker, is considering setting up a second plant in the United States in an effort to up its production of full-size vehicles in line with rising demand in the world's No. 1 economy, industry sources said Wednesday.

The new factory, set to be built near the carmaker's current Alabama plant, would have an annual production capacity of 300,000 units and used mostly to manufacture SUVs, according to the sources.

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