Hyundai is constructing EV and battery manufacturing plants in Georgia
Hyundai is constructing facilities in Savannah, Georgia, dedicated to the production of electric vehicles (EVs) and batteries, making it the company’s first EV-only plant in the United States. The South Korean manufacturer would invest $5.5 billion in the new facility, with suppliers contributing an additional $1 billion.
Hyundai anticipates that production will begin on the 2,923-acre site in the first half of 2025, with construction beginning in early 2023. The EV facility is expected to produce 300,000 vehicles per year and create approximately 8,100 new jobs. Hyundai does not identify which EV models would be produced at the factory, only that a “broad range” of vehicles will be produced on Georgia’s assembly lines. The business also doesn’t say much about its battery-building plant, except that it “will be built through a strategic collaboration.”