The investment aims to support Hyundai’s goal of expanding its electric mobility presence in the U.S. market, the company 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.,” said Hyundai Motor Group Executive Chair Euisun Chung. “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.”
The new EV plant and battery manufacturing facilities represent an investment of approximately $5.54 billion and will break ground in early 2023. The plant is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units, according to Hyundai representatives. The project is also expected to create about 8,100 new jobs.
The group plans to produce a wide range of full electric vehicles for U.S. customers at the new Georgia EV plant, the company said. 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 Georgia, with immediate access to I-95 and I-16 highways and is less than 32 miles from the Port of Savannah, with two Class I rail facilities on-site provided by Georgia Central Railway. West Point, Georgia is already home to the company’s Kia manufacturing hub in the US.
