Georgia Announces Hyundai EV Plant

By Staff Writer May 24, 2022 172

Georgia Power recently joined with Gov. Brian Kemp and the Georgia Department of Economic Development to celebrate the decision by Hyundai Motor Group to open its first fully dedicated electric vehicle and battery manufacturing facility in the state of Georgia.

The new state-of-the-art factory will be located at the 2,900-acre Bryan County Megasite, representing a $5.54 billion investment by Hyundai Motor Group, with non-affiliated Hyundai suppliers expected to invest approximately another $1 billion in the project, delivering approximately 8,100 new jobs to Georgia’s coastal region.

Headquartered in Seoul, Korea, Hyundai Motor Group employs 250,000 people worldwide, with vehicles sold in 193 countries through 5,000 dealerships and showrooms.

At the new factory, Hyundai Motor Group plans to produce a diverse range of innovative full electric vehicles. Through the battery manufacturing facility, Hyundai Motor Group also aims to establish a stable supply chain for EV battery and other EV components in the U.S. market.

To date, Georgia is home to more than 200 automotive-related facilities that contribute more than $3 billion annually to the state’s economy. In 2021, Georgia boasted 977,000 workers to support these operations and facilities. Additionally, the state’s growing EV and battery production industry created 13,200 new jobs and $8 billion in new capital investment before Hyundai Motor Group’s announcement.

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Last modified on Tuesday, 24 May 2022 14:50