Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

South Korea-Based Hyundai Mobis Plans Montgomery, Alabama, EV Battery Plant

10/28/2022
South Korea-based Hyundai Mobis, one of the world’s largest auto suppliers, plans to establish an EV battery module plant in Montgomery, Alabama. The $205 million project is expected to create 400 jobs.

The 450,000-square-foot facility, located on the HMAA campus just off Interstate 65, will be able to supply over 200,000 EV batteries annually to the Hyundai Motor Manufacturing Alabama factory and the Kia Georgia plant. Construction is planned for early December with production projected to begin in 2024.

“As the EV market continues to grow, having a strong production capacity will be key in allowing Hyundai Mobis to see continued growth in the market,” said H.S. Oh, vice president of the electric powertrain business for Hyundai Mobis. “We believe this new facility in Montgomery will be an important step in that process, and we are excited for the project to be under way.”

Hyundai Mobis has operated a manufacturing facility on 83 acres in Montgomery since 2002 as the largest Tier 1 supplier to HMAA and Kia Georgia. The site supplies the auto plants with complete cockpit modules and front and rear chassis modules, as well as bumper assemblies and instrument panels.

“Hyundai Mobis’ investment project in Montgomery reflects an acceleration in the development of the EV supply chain in Alabama’s auto industry,” noted Greg Canfield, Secretary of the Alabama Department of Commerce. “We’re going to be a major production player in the EV market, and that’s going to trigger more growth within the sector.”

Hyundai Mobis is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation in 1977, the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world's No. 6 automotive supplier."

“Partnership and teamwork are key to this kind of economic growth, and we are grateful for the impact this kind of investment will have on the entire region,” added Cedric Campbell, chair of the Montgomery Chamber.

Exclusive Research