Hyundai is investing nearly $5.5 billion in the electric vehicle plant in Bryan County, Georgia, creating 8,100 new jobs.
The plant expects to reach a capacity of 300,000 units per year when it begins commercial production in the first half of 2025. The facility is expected to start up early next year.
Hyundai said the battery manufacturing plant will be launched with a “strategic partnership”, details of which will be announced at a later date. It will also announce which car models will be produced at the plant later.
“Through the battery manufacturing plant, the group also aims to establish a stable supply chain and build a healthy electric vehicle ecosystem in the United States,” Hyundai said in a statement.
The plant will occupy nearly 3,000 acres in Bryan County, located approximately 30 miles from the Port of Savannah. Kia’s manufacturing center is already in West Point, Georgia, about 275 miles away. Hyundai said it chose Georgia because of its “speed to market, talented workforce, as well as its existing network.”
Georgia Governor Brian Kemp attended the official signing ceremony in Bryan County alongside company executives.
“The United States has always been an important part of 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 United States,” said Hyundai Motor Group Executive Chairman Euisun Chung. A declaration.
— CNN’s Rachel Ramirez and Anna Cooban contributed reporting.
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