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Friday, 20 May 2022 13:45

Hyundai to Build Its First U.S. EV Plant in Georgia

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Hyundai Motor Group on May 20 announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S.

The new EV plant and battery manufacturing facilities represent an investment of approximately $5.54 billion. The new facility will break ground in early 2023 and is expected to begin commercial production 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, which the details will be disclosed at a later stage.

 

Hyundai plans to produce wide range of full electric vehicles for U.S. customers at the new Georgia EV plant. Details of production models will be shared at later dates.

 

The EV and battery manufacturing plant will be located on a dedicated 2,923-acre site in Bryan County, with immediate access to I-95 and I-16 highways. It is less than 31 miles from the Port of Savannah, the single-largest and fastest-growing container terminal in the U.S. with two Class I rail facilities on-site provided by Georgia Central Railway. West Point, GA, is already home to the Group's Kia manufacturing hub in the U.S.

 

The official signing ceremony was held May 20 in Bryan County, attended by Georgia Gov. Brian P. Kemp and other Georgia officials as well as Hyundai Motor Company President and CEO Jaehoon Chang, and Hyundai Motor President and COO José Muñoz. Hyundai Motor Group Executive Chair Euisun Chung joined the signing ceremony virtually.

 

"The future of transportation is in the Peach State as we announce the largest project in our state's history---delivering high-quality jobs on the leading edge of mobility to hardworking Georgians," said Kemp. "Not only are we thrilled to welcome Hyundai to Georgia's coastal region, but it's incredible that within a year of Georgia's investment in the Bryan County Megasite, we are locating a world-class project here with a company with great Georgia history!"

 

"As one of the world's most successful and advanced...


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