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Hyundai Motor Group announces the arrival of its first electric vehicle facilities in the United States




Following rumors circulating earlier this month, Hyundai Motor Group has officially signed an agreement with the state of Georgia to invest $5.5 billion in new facilities dedicated to manufacturing electric vehicles and batteries. When complete, these new facilities will be Hyundai’s first EV-specific manufacturing on U.S. soil and will produce a wide range of electric models to come.

A year ago, we announced that Hyundai Motor Group (HMG) planned to spend $7.4 billion to produce future electric vehicles and expand its production facilities in the United States. At the time, the group responsible for brands such as Hyundai, Kia, Genesis and now IONIQ planned to closely monitor US market conditions and government policy regarding the implementation of electric vehicles to help decide where it would inevitably install. its electric vehicle store.

Hyundai Motor Company has manufactured its American vehicles in Montgomery, Alabama since the mid-2000s and Kia’s manufacturing facility is approximately 80 miles down the road and across state lines in West Point, Georgia. .

Earlier this month, rumors began circulating that HMG had chosen Georgia as its new home for dedicated electric vehicle manufacturing. However, the South Korean conglomerate would only confirm that the facilities would be in the United States, despite evidence of advanced discussions with officials from The Peach State.

Following an announcement today, Hyundai Motor Group has in fact signed a contract to erect electric vehicle facilities on the Georgian coast, which will begin early next year.

A Hyundai Kona EV at a recent media event in Tennessee. One of many electric vehicles that could soon be built in Georgia Hyundai will invest more than $5.5 billion in new electric vehicle installations in the United States

The group announced the news of its signed agreement in a press release today, following a ceremony held in Bryan County attended by Georgia Governor Brian P. Kemp and Chairman and CEO the direction of Hyundai Motor Company, Jaehoon Chang.

The deal includes a $5.54 billion investment from HMG to build electric vehicle and battery manufacturing facilities in eastern Georgia, about 260 miles from Kia’s West Point plant. The project is expected to start in early 2023 and begin commercial production by 2025 with an annual output of 300,000 electric vehicles.

Hyundai says the battery manufacturing plant will be developed through a strategic partnership to be disclosed at a later date. The project as a whole is expected to create more than 8,000 jobs for Georgia residents. Here is some additional information:

With the new electric vehicle and battery production facilities, Hyundai Motor Group aims to become one of the top three suppliers of electric vehicles in the United States by 2026. The new electric vehicle factory will house a highly connected, automated and flexible. HMG plans to implement many of its advanced smart manufacturing technologies currently being tested at the Hyundai Motor Group Innovation Center in Singapore (HMGICS). All production processes, including order picking, sourcing, logistics and production, will be optimized using AI and data, and human workers will receive robotic assistance. The plant will rely primarily on renewable energy sources for power and use emission reduction technologies to meet RE100 requirements.

So, what electric vehicles will be built in these new facilities? That’s a great question, but we’ll have to wait a little longer for an answer. Hyundai Motor Group is not disclosing which specific EV models will be produced in Georgia, but as it continues its transition to EVs across all of its brands, it’s fair to bet that Hyundai, IONIQ and Kia EVs will be built. in new installations.

Genesis vehicles are currently made in South Korea, but that could change given Georgia’s planned new EV footprint, especially as that brand goes all-electric as well. Georgia is becoming a new electric vehicle hub in the United States as Hyundai joins Rivian with facilities in the state.

The EV automaker is developing a 20 million square foot manufacturing site 30 minutes east of Atlanta and just qualified for $1.5 billion in state incentives. It’s unclear at this time what level of incentive Hyundai Motor Group can claim in Georgia, but you have to suspect they played a significant role in the company’s decision to build there.

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