Hyundai Motor America and Hyundai America Technical Center, Inc, (HATCI) celebrated the US$51.6 million expansion project for a new Safety Test and Investigation Laboratory (STIL) at a groundbreaking ceremony in Superior Township, Michigan.
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The STIL is planned to be operational in autumn 2023 with 160 employees.
The new facility will have a field crash investigation lab, high voltage battery lab, forensics lab, 500m track and a Vehicle Dynamics Area pad.
The STIL was developed in collaboration with the National Highway Traffic and Safety Administration (NHTSA) based on a 2020 Consent Order which required an investment in a safety facility of US$25 million. Hyundai increased its required investment by $26 million.
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How attractive are current investment opportunities in Europe?
- Track the M&A and Capital Raising volumes into their target market
- Identify the top sectors in the target market attracting the investments
- For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
- Assess and showcase the growth potential for various Industries in the target economy
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