Hyundai Motor Group to establish first dedicated EV plant and battery manufacturing facility in the U.S.

20 May 2022, 15:35:52

Hyundai Motor Group has just announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group's U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group's commitment to sustainability through electrification and to supporting the economies where it operates.

The official signing ceremony was held in Bryan County, attended by Georgia Governor Brian P. Kemp and other Georgia officials as well as Hyundai Motor Company President and CEO, Jaehoon Chang, and Hyundai Motor President and Chief Operating Officer José Muñoz. Hyundai Motor Group Executive Chair Euisun Chung joined the signing ceremony virtually.

The new EV plant and battery manufacturing facilities represent an investment of approximately USD 5.54 billion. The new facility will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The battery manufacturing facility will be established through a strategic partnership, which the details will be disclosed at a later stage.

The Group plans to produce wide range of full electric vehicles for U.S. customers at the new Georgia EV plant. Details of production models will be shared at later dates. The local EV production will increase U.S. consumer accessibility to the Group's innovative EVs. Through the battery manufacturing facility, the Group also aims to establish a stable supply chain and build a healthy EV ecosystem in the U.S.

The EV and battery manufacturing plant will be located on a dedicated 2,923-acre site in Bryan County Georgia, with immediate access to I-95 and I-16 highways which creates easy access to 250 major metro areas. It is less than 50 kilometers from the Port of Savannah, the single-largest and fastest-growing container terminal in the U.S. with two Class I rail facilities on-site provided by Georgia Central Railway. West Point, Georgia is already home to the Group's Kia manufacturing hub in the US.

Hyundai Motor Group selected Georgia as the Group's EV and battery production site due to a range of favorable business conditions, including speed-to-market, talented workforce, as well as existing network of the Group affiliates and suppliers.

Georgia is the Southeastern leader for EV registration per 1,000 registered automobiles. To support these drivers, Georgia is constantly developing access to publicly available EV charging stations and already offers more outlets per capita than anywhere else in the Southeast. The Group's new investment will help accelerate the state's sustainable shift to electrification. Continuing the Group's support for the U.S. economy, the project is expected to create about 8,100 new jobs.

Hyundai Motor Group will be a leader in the U.S. auto market's EV transition with the new facility. This investment comes as a part of the Group's 2021 announcement to invest USD 7.4 billion by 2025 to foster future mobility in the U.S., including production of EVs and offering smart mobility solutions.

The Group is accelerating its electrification efforts with the global target to sell 3.23 million full electric vehicles annually by 2030. To realize this goal, the Group plans to establish a global EV production network that will ensure a stable supply of EVs around the globe.

With the additional EV and battery production capabilities in the U.S., the Group aims to become one of the top three EV providers in the U.S. by 2026. The Group plans to lead the EV market not just in sales, but also in terms of design, technologies, and mobility solutions optimized for electric mobility era.

The investment is in line with the U.S. government's roadmap to accelerate electrification, as global OEMs are announcing plans to expand their local EV production in the U.S. Last year, the U.S. government announced a new initiative under which sales of zero-emission vehicles should account for at least half of OEM's new vehicle sales by 2030.

News related to Hyundai

The all-new 2025 Hyundai IONIQ 5 N electrified sports vehicle was presented to the North American media at a pre-show event for AutoMobility LA. IONIQ 5 N represents the N brand's electrification vision and a fresh opportunity for performance enthusiasts to satisfy their driving passion on the road and track. IONIQ 5 N is the first electrified iteration of the Hyundai N brand, with future electrified N models to...

17 November 2023

Hyundai Motor Company today held a groundbreaking ceremony for a new electric vehicle (EV) plant at its complex in Ulsan, the heart of Korea's automotive industry. The new EV-dedicated plant will lay the foundation for future growth in the era of electrification while building on the dream first established by Hyundai Motor's Founding Chairman more than half a century ago. "The new EV-dedicated Plant in Ulsan is the...

13 November 2023

The Korea Herald reports that Hyundai aims to develop its own LFP batteries for EVs. The information comes from "industry sources" who also specify that Hyubndai has started this year a two-year joint project with Korean battery makers and under it, the brand will complete the development of LFP batteries in 2024. These new batteries will find their way into small, entry- and mid-level EVs by Hyundai and Kia in...

8 November 2023

Samsung SDI announced it has struck a supply deal for electric vehicle batteries with Hyundai Motor for the first time. More specifically, it will supply prismatic batteries for Hyundai Motor's electric vehicles targeting the European market for seven years from 2026 through 2032. The batteries to be supplied for Hyundai Motor will be the sixth edition of Samsung SDI’s prismatic battery, named as "P6." P6 features a...

24 October 2023

Genesis, Hyundai, and Kia announced that their EV models will adopt the North American Charging Standard (NACS) in a year's time. Thus, owners of those three brands will have access to 12,000+ Tesla Superchargers across North America - the U.S., Canada, and Mexico. Further, the companies expect to make available CCS1-to-NACS (Combined Charging System) adapters to enable nearly all Genesis, Hyundai, and Kia EVs to...

7 October 2023

The all-new 2024 Hyundai Kona for the U.S. market debuted in Baltimore, Maryland. The second-generation Kona offers one of the most comprehensive product packages in the small SUV segment, including the widest range of powertrains. The all-new 2024 Kona is on sale now at U.S. dealers and the Kona Electric will be available late fall. Kona Electric will be available in the following variants: Hyundai Kona Electric...

13 September 2023

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding...

1 September 2023

Hyundai IONIQ 5 N debuted at the Goodwood Festival of Speed in West Sussex, England. This is Hyundai N's first EV and combines the standard model’s Electrified-Global Modular Platform (E-GMP) with N’s motorsport-bred technologies and leverages N’s expertise from electrified ‘Rolling Labs’ to maximize the EV’s high-performance capabilities and ensure it meets N’s three performance pillars: ‘Corner Rascal,’ ‘Racetrack...

13 July 2023

Hyundai held its 2023 CE Investor Day yesterday updating its "Hyundai Motor Way" strategy with accelerated electrification and future mobility goals. The company will implement this strategy and accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion over the next 10 years. Furthermore, in order to secure leadership in the future...

21 June 2023

Hyundai Mobis began construction of a new EV battery system plant in Indonesia, which it plans to be completed by the first half of next year. Hyundai Mobis intends to set Indonesia as a beachhead as the country is emerging as the heart of the ASEAN market and catapulting to being a leader of the electrification ecosystem, which include cells, battery systems, and OEMs. The company announced that it had held a...

31 May 2023

LG Energy Solution (LGES) and Hyundai Motor Group announced an EV battery cell manufacturing joint venture in the U.S. today. LGES and Hyundai Motor Group signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America. The signing ceremony took place in LGES’s headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon...

25 May 2023

Hyundai Motor Group today announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation, and Hyundai Mobis each approved the plan at their respective board meetings today. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North...

25 April 2023

Hyundai Motor Group today announced its goal to become one of the world’s top 3 EV manufacturers by 2030 through the combined sales of Hyundai Motor, Kia and Genesis electric models, at the groundbreaking ceremony of Kia’s dedicated plant for purpose-built vehicle (PBV) production in Korea. The Group also highlighted its plans to invest KRW 24 trillion in the domestic EV industry through Hyundai Motor, Kia and...

11 April 2023

In celebration of Disney's 100th anniversary, Hyundai Motor America unveiled its special IONIQ 5 Disney100 Platinum Concept car at the New York Auto Show. The car features special Disney-inspired visual accents and entertainment including lighting and iconic Disney music. This is the first time ever that Hyundai vehicle designers have created a vehicle with visual creative input from Walt Disney Imagineering...

5 April 2023