Hyundai has announced plans to build a $5.5 billion factory complex in Georgia that will produce electric vehicles. The factory will create up to 8,100 jobs, and the company believes the move will help it “lead the global electric vehicle market.”
The factory will be able to produce up to 300,000 electric vehicles per year and will be the largest production facility of its kind in the world. “Hyundai is proud to be building the U.S.-based best-in-class EV manufacturing plant,” said Chung Eui-Keun, president and CEO of Hyundai Motor Group The facility will span over 3,000 acres in Bryan County, which is about 30 miles from the Port of Savannah.
The automaker stated that it intends to invest more than $10 billion in the United States by 2025 - including the $5.5 billion. The money will be put towards developing various technologies, including autonomous driving, robotics, artificial intelligence, and advanced air mobility.
The move is a significant departure for Hyundai, whose history mainly focuses on gasoline and diesel vehicles. However, as electric vehicle sales continue to grow, automakers are shifting their production capacity toward the market. The announcement follows numerous other significant announcements from automakers over the past year or so related to electric vehicle production.
Hyundai Motor Group manufactures and sells automobiles under the Hyundai and Kia brands. The South Korean carmaker already has two assembly factories in the United States, one in Montgomery, Alabama, and the other in West Point, Georgia. Hyundai's EV lineup consists of the Kona Electric, Ioniq 5, and the hydrogen fuel cell-powered Nexo. Hyundai also sells the all-electric EV6 and Niro, as well as the GV60, GV70, and GV80 EVs under its luxury Genesis brand.
