Hyundai’s new EV plant and battery manufacturing facilities represent an investment of approximately USD 5.54 billion and will be operational in early 2023.
see photosHyundai plans to produce full electric vehicles for US customers at the new plant.
Hyundai Motor Group announced that it has entered into an agreement with the state of Georgia to build its first dedicated fully electric vehicle and battery manufacturing facilities in the US. The new EV plant and battery manufacturing facilities represent an investment of approximately USD 5.54 billion and will break ground in early 2023. Commercial production is expected to begin in the first half of 2025 with an annual capacity of 300,000 units. The battery manufacturing facility will be established through a strategic partnership, and details will be disclosed later.
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it’s official! Our first dedicated EV and battery manufacturing facility in the US will be in Georgia! https://t.co/0mm7Lhn1R6 pic.twitter.com/rW4LpIFgi5
— Hyundai USA (@hyundai) 20 May 2022
Yuisun Chung, Executive Chairman of Hyundai Motor Group, said, “As one of the world’s most successful and advanced mobility leaders, we are incredibly pleased to share our plans to open our first dedicated full EV and battery manufacturing facilities in the US. We are proud to hold an important position in the Group’s global strategy, and we are excited to partner with the State of Georgia to achieve our shared goal of electrified mobility and sustainability in the US.
Hyundai Ioniq 5 Electric
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The group plans to produce a wide range of full-electric vehicles for US customers at the new Georgia EV plant. Details of the production model will be shared at a later date. Through the battery manufacturing facility, Hyundai aims to establish a stable supply chain and build a healthy EV ecosystem in the US. The EV and battery manufacturing plant will be located on a dedicated 2,923-acre site in Bryan County Georgia, with immediate access to the I-95 and I-16 highways that provide easy access to 250 major metro areas. It is less than 50 km from Savannah Port. Georgia is already home to Kia’s manufacturing hub in the US.
The new facility will start in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
— Hyundai USA (@hyundai) 20 May 2022
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The project is expected to create about 8,100 new jobs, and comes as part of the investment group’s announcement to invest $7.4 billion by 2021 to 2025, including the production of EVs and offering smart mobility solutions. Including fostering future mobility in America.
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