Hyundai Inks a deal with the state of Georgia to establish fully electric vehicle and battery production plants in Bryan County.
South Korean automaker Hyundai announced on May 20 that it has agreed with the State of Georgia to build its first EV-dedicated plant in the U.S.
“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 Governor Brian 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!” Kemp added.
The new EV plant will be located in Bryan County and will have an investment of approximately $5.54 billion. Its suppliers are expected to invest an additional $1 billion in the factory.
The facility will break ground in early 2023 and will have a capacity of 300,000 units per year. It is expected to open during the first half of 2025. The facility will produce both electric vehicles and will also be manufacturing batteries. It will also create more than 8,000 jobs. The new facility will be producing a wide range of EV models.
Hyundai Motor Group Executive Chair Euisun Chung said, “As one of the world’s most successful and advanced mobility leaders, we are incredibly proud to share our plan to open our first dedicated full EV and battery manufacturing facilities in the U.S.,” adding that “The U.S. has always held an important place 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 U.S.”
Hyundai will be the second EV manufacturing plant in Georgia after Rivian. According to the automaker, it selected Georgia as its EV production site due to a range of favorable business conditions, including speed-to-market, talented workforce, and existing network of the Group affiliates and suppliers.
Georgia is also the Southeastern leader for EV registration per 1,000 registered automobiles.
With the new EV facility, Hyundai Motor is one step forward to achieving carbon neutrality in its products and global operations by 2045.
