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. The local EV production will increase U.S. consumer accessibility to Hyundai’s innovative EVs. Through the battery manufacturing facility, Hyundai also aims to establish a stable supply chain and build a healthy EV ecosystem in the U.S.
The Georgia facility will become an intelligent manufacturing plant. All processes of production - order collection, procurement, logistics and production - will be optimized utilizing AI and data. The innovative manufacturing system will also help create a human-centered work environment with robots assisting human workers.
As part of Hyundai’s commitment to sustainability, the plant will mainly rely on renewable energy sources to power the facility and use emission-reduction technologies to meet the RE100 requirements.
Hyundai selected Georgia as the company’s EV and battery production site due to a range of favorable business conditions, including speed-to-market, talented workforce, as well as existing network of the company affiliates and suppliers.
Georgia is the Southeastern leader for EV registration per 1,000 registered automobiles. To support these drivers, Georgia is constantly developing access to publicly available EV charging stations and already offers more outlets per capita than anywhere else in the Southeast. Hyundai’s new investment will help accelerate the state’s sustainable shift to electrification.
Continuing Hyundai’s support for the U.S. economy, the project is expected to create about 8,100 new jobs.
The EV plant investment comes as a part of Hyundai’s 2021 announcement to invest USD 7.4 billion by 2025 to foster future mobility in the U.S., including production of EVs and offering smart mobility solutions.
