Hyundai’s first dedicated EV and battery development plant in the United States is set to be begin operations in Georgia in 2025.
The new plant in Georgia, which will focus on both EV and battery production, is among the Hyundai Motor Group’s first steps towards its goal of becoming one of the top three ‘EV providers’ in the US by 2026, not just in terms of sales but also design, technologies, and “mobility solutions.” Further afield, Hyundai’s global electrification plans include an annual target of 3.23 million fully-electric vehicle sales by 2030.
The Georgia facility, which will cover 2,923 acres in Bryan County, is due to break ground in early 2023, with commercial production to begin in the first half of 2025. Annual capacity targets of 300,000 units have already been set, including a “wide range of full electric vehicles,” details of which will be shared at a later date. Hyundai also states that up to 8,100 jobs will be created by the Georgia project.
This represents a US$5.54 billion outlay from Hyundai, which, last year, announced US$7.4 billion would be invested into EV production and development by 2025 to further extend its US market.
Tellingly, the plant will be “established through a strategic partnership,” though the Korean brand does not go into further details regarding its partner’s identity.
“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,” Hyundai Group executive Chair Euisun Chung explains. “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.”