Hyundai to build production facilities for electric vehicles and batteries in Georgia

Hyundai builds factories dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC† The South Korean automaker will spend $5.5 billion on the new facilities and will additional $1 billion investments of its suppliers.

Hyundai expects production on the 2,923 hectare site to begin in the first half of 2025, with construction to start in early 2023. The EV plant is expected to produce 300,000 vehicles per year and will add approximately 8,100 new jobs. Hyundai doesn’t specify which EV models will be factory-manufactured — it’s only referring to a “wide range” of models that will make it to Georgia’s assembly lines. The company isn’t revealing much about its battery building facility either, but notes that it “will be established through a strategic partnership.”

Hyundai’s EV range currently consists of the Kona Electric, Ioniq 5 and the hydrogen fuel cell-powered Nexo. Hyundai-owned Kia also sells the all-electric EV6 and Niro, while Hyundai’s luxury Genesis brand includes the GV60, GV70 and GV80 EVs. Hyundai Global COO José Muñoz said: Automotive News that up to six models will be produced in the new factories by 2028. A source with knowledge of the situation also told the outlet that production could begin with the Hyundai Ioniq and later expand with an undisclosed Kia EV pickup in 2026.

“The future of transportation lies in the state of Peach as we announce the largest project in our state’s history — providing quality mobility jobs to hard-working Georgians,” Georgia Governor Brian Kemp said in a statement. .

Earlier this month, the state of Georgia signed a deal with Rivian, offering $1.5 billion in tax breaks to bring the company to the state. The $5 billion factory is expected to create about 7,500 jobs by 2028 and produce 400,000 EVs each year.

Elsewhere in the country, other EV factories are popping up. Toyota is building a $1.29 billion battery plant in North Carolina and GM plans to bring its third EV battery plant to Michigan. Stellantis, the company that owns Jeep, Dodge and Chrysler, is also expected to build an EV plant somewhere in the US, but the location has yet to be confirmed. Likewise, Ford and South Korean battery maker SK Innovation are bringing new electric vehicle-focused plants to Tennessee and Kentucky. Tesla already has several factories dedicated to manufacturing batteries and EVs in the US, and opened another last month in Austin, Texas.

Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

More from author


Please enter your comment!
Please enter your name here

Related posts


Latest posts

3 Ways You Can Support Hispanic Businesses During Hispanic Heritage Month

National Hispanic Heritage Month is a time to celebrate the rich culture and immense contributions of Hispanic and Latino Americans. This year, as we...

The Nostalgia Factor: Why Retro Gaming Continues to Thrive

In the fast-paced world of modern video games with their stunning graphics, lifelike simulations, and complex narratives, there's a distinct charm in returning to...

The Rise of Cross-Platform App Development in Australia

In the ever-evolving landscape of app development, the need for efficiency, cost-effectiveness, and wider reach has given rise to a significant trend: cross-platform app...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!