Shinhwa Auto USA Corp. announced last month it will invest $114 million to expand its manufacturing operation in Auburn to support the production of electric vehicle parts.
The growth project will create 50 jobs and add a new 170,000 sq.-ft. production building on Shinhwa’s campus in Auburn Technology Park West. The expansion will be the South Korean company’s third since selecting the Alabama city as the site of its first U.S. plant in 2019.