MONTGOMERY, AL (WSFA) - Governor Bob Riley and his team at the Alabama Development Office announced Thursday the addition of another automobile company to the state's growing stable of car makers.
Hyundai, Honda, Mercedes, and Toyota already have a presence in Alabama. They'll soon be joined by HK Motors.
The move will eventually put more than 5,000 Alabamians to work for a company expected to generate a $1.5 billion economic impact on the state.
HK Motors, short for Hybrid Kinetic, will set up its first North American production plant in Baldwin County. The plant will eventually build "green" vehicles.
"Our cutting-edge multi-fuel hybrid powertrain system delivers excellent performance while reducing CO2 emissions to exceed Euro-2012 and future EPA guidelines," said HK Motors Chairman Yung (Benjamin) Yeung.
Yeung cited the strength of Alabama's economy and the quality of its workforce as the main reasons for the board's decision to locate its primary manufacturing operations in Alabama.
Officials say initial production of all model lines will most likely begin by 2013 with a first phase capacity of nearly 300,000 vehicles.
"It didn't take long for Alabama to become a leader in the automotive industry. Now as America and the world begin making a historic transition to a green economy, we look to make Alabama a leader in the production of next-generation, clean-tech automobiles," said Governor Riley. "Our Alabama team, in cooperation with local officials in Baldwin County, has been working with HK Motors for several months on this project. We will continue to work with them as the company puts the financing in place to move forward."
PHOTO COURTESY: Governor's office