Hyundai Motor Company will build a $5.5 billion electric vehicle and battery plant in the United States. Where is here

Hyundai is creating 8,100 new jobs by investing nearly $5.5 billion in an electric vehicle plant in Bryan County, Georgia.

The plant is expected to reach 300,000 sheets per year when commercial production begins in the first half of 2025. The plant is expected to start construction early next year.

Hyundai Motor plans to operate the battery plant as a ‘strategic partnership’, and details will be revealed later. We will also be announcing which car models will be produced at the factory later.

In a statement, Hyundai Motor said, “Through this battery manufacturing facility, our goal is to establish a stable supply chain and establish a healthy electric vehicle ecosystem in the United States.”

The plant will occupy nearly 3,000 acres in Bryan County, about 30 miles from the port of Savannah. Kia’s manufacturing hub is already located in West Point, Georgia, about 275 miles away. Hyundai said it chose Georgia because of “speed to market, talented workforce, and existing network.”

Georgia Governor Brian Kemp, along with company executives, attended the official signing ceremony in Brian County.

Hyundai and Kia Motors to Grow Big with Electric Vehicles

“The United States has always been an important part of the group’s global strategy,” Hyundai Motor Group Chairman Chung Eui-sun said in a statement. said declaration.

Hyundai Motor Company announced in 2021 Over the next four years, it has invested $7.4 billion to drive innovation in US mobility, including EV production. The company wants to become the country’s top three electric vehicle suppliers by 2026., it said in release.
Google search interest for electric vehicles hit an all-time high in the US in March. Gasoline prices have skyrocketed, but that doesn’t mean consumers are actually buying electric vehicles. However, Volkswagen has already sold out electric vehicles in key markets this year, reflecting both surging demand and supply chain constraints.
And the plant will help achieve President Joe Biden’s goal of making the United States the world’s leading electric vehicle maker, proposed last year. We invest $174 billion in this sector.

— CNN’s Rachel Ramirez and Anna Cooban contributed to the report.


Leave a Comment