Hyundai builds electric vehicle and battery production facilities in Georgia

Hyundai is building a dedicated electric vehicle (EV) and battery manufacturing facility in Savannah, Georgia, marking Hyundai’s first EV-only plant in the United States (via CNBC). The South Korean automaker will spend $5.5 billion on the new facilities and will receive an additional $1 billion investment from its suppliers.

Hyundai expects production at the 2,923-acre site to begin in the first half of 2025, with construction beginning in early 2023. The electric vehicle plant is expected to manufacture 300,000 vehicles per year and will create around 8,100 new jobs . Hyundai doesn’t specify which EV models will be made at the plant — it only hints at a “wide range” of models hitting Georgia assembly lines. The company also doesn’t reveal much about its battery-building facility, but notes that it “will be established through a strategic partnership.”

Hyundai’s electric vehicle lineup currently includes the Kona Electric, Ioniq 5 and the hydrogen fuel cell Nexo. Kia, owned by Hyundai, also sells the all-electric EV6 and Niro, while Hyundai’s luxury Genesis brand includes the GV60, GV70 and GV80 electric vehicles. Hyundai’s global COO, José Muñoz, said Automotive News that up to six models will be produced at the new facility by 2028. A source with knowledge of the situation also told the outlet that production could start with the Hyundai Ioniq and later expand to include a pickup Kia EV not yet announced in 2026.

“The future of transportation is in Peach State as we announce the largest project in our state’s history – providing high-quality jobs at the cutting edge of mobility for hard-working Georgians,” said Georgia Governor Brian Kemp in a statement.

Earlier this month, the state of Georgia reached an agreement with Rivian, offering $1.5 billion in tax incentives to bring the company into the state. The $5 billion factory is expected to create around 7,500 jobs by 2028 and produce 400,000 electric vehicles each year.

Other electric vehicle factories are springing up elsewhere in the country. Toyota is building a $1.29 billion battery plant in North Carolina and GM plans to set up its third electric vehicle battery plant in Michigan. Stellantis, the company that owns Jeep, Dodge and Chrysler, is also expected to build an electric vehicle plant somewhere in the United States, but the location has yet to be confirmed. Similarly, Ford and South Korean battery maker SK Innovation are bringing new factories focused on electric vehicles to Tennessee and Kentucky. Tesla already has several factories dedicated to the production of batteries and electric vehicles in the United States, and just opened another in Austin, Texas, last month.


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