Hyundai Motor Group Plans Bryan County, Georgia, Electric Vehicle-Battery Plant
The new EV and battery manufacturing plant will be located at the Bryan County Megasite, 31 miles from the Port of Savannah, with immediate access to I-95 and I-16 highways. The company will break ground in early 2023 and plans to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The facility will be established through a strategic partnership, in which the details will be disclosed at a later stage.
"We decided to build our first dedicated EV plant in the U.S. because America embraces change and drives innovation," said Jaehoon Chang, President and CEO of Hyundai Motor. "This new EV plant is the future of our business, and It will help us meet the growing demands of our US customers who want leading edge design, safe, zero-emissions vehicles now and in the future."
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.
"As one of the world's most successful and advanced mobility leaders, we are incredibly proud to share our plan to open our first dedicated full EV and battery manufacturing facilities in the U.S.," said Hyundai Motor Group Executive Chair Euisun Chung. "The U.S. has always held an important place in the Group's global strategy, and we are excited to partner with the State of Georgia to achieve our shared goal of electrified mobility and sustainability in the U.S."
The company plans to implement many of its advanced intelligent manufacturing technologies that are currently under test at the Group's innovation hub, the Hyundai Motor Group Innovation Center in Singapore (HMGICS).
“Under Governor Kemp’s leadership, we have been focused on putting Georgia at the forefront of electric mobility. Today’s announcement of Hyundai Motor Group’s first fully dedicated EV manufacturing facility solidifies our spot at the vanguard of the EV transition,” said Georgia Department of Economic Development Commissioner Pat Wilson. “We could not be more excited to welcome the Hyundai Group to Georgia and to celebrate this incredible investment. This state-of-the-art facility will create exciting new possibilities for all Georgians and transform an entire region. Congratulations to everyone who has worked tirelessly to support this project. I could not be prouder to be part of Team Georgia.”
As part of Hyundai Motor Group’s commitment to sustainability, the plant will mainly rely on renewable energy sources to power the facility and use emission-reduction technologies to meet the RE100 requirements.
“Hyundai Motor Group’s new location, less than 30 miles from Garden City Terminal and directly adjacent to I-16, provides stellar access to global and domestic markets for both assembly components and finished vehicle marketing,” said Georgia Ports Authority Executive Director Griff Lynch. “The group’s decision to expand here in Georgia is a clear endorsement of the Peach State as a dynamic center for cutting-edge manufacturing.”
The Georgia Department of Economic Development (GDEcD) was represented by Project Manager Taylor Walden in partnership with the Department’s Georgia-based Director of Korean Investment Yoonie Kim, as well as the Savannah Harbor-Interstate 16 Corridor JDA, which includes Bryan County, Bulloch County, Chatham County, and Effingham County; the Georgia Department of Transportation; the Georgia Ports Authority; Georgia Quick Start; and Georgia Power.
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
In Focus: Demand for Industrial Land Surges
The 2021 Top States for Doing Business Reflect Their Locational Advantages
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Five Ways for Manufacturers to Manage Global Market Volatility
The Evolution of the Megasite
Putting Your Best Foot Forward: Presentation of Incentives Information to the Media