Hyundai Motor Group has signed an agreement with the US State of Georgia to build its first dedicated fully electric vehicle and battery manufacturing facilities in the country. The move will support the company’s goal of becoming an electric mobility leader in the US market.
“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 US,” said Hyundai Motor Group executive chair Euisun Chung. “The US 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 US.”
The EV plant and battery manufacturing facilities represent an investment of around US$5.54bn. 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, details of which will be disclosed at a later stage.
The EV and battery manufacturing plant will be located on a dedicated 1,183ha site in Bryan County, Georgia, with immediate access to the I-95 and I-16 highways, which provide easy access to 250 major metro areas. It is less than 50km from the Port of Savannah, the largest and fastest-growing container terminal in the US; there will be two Class I rail facilities on-site, provided by Georgia Central Railway. West Point, Georgia, is already home to the group’s Kia manufacturing hub in the US.
Hyundai Motor Group selected Georgia as its EV and battery production site due to a range of favorable business conditions, including speed to market, a talented workforce and the existing network of group affiliates and suppliers.