Hyundai Planning On Building A New Electric-Vehicle Factory In Georgia (US)
Hyundai plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia brands.
Hyundai Motor confirmed an imminent plan for a new EV plant but declined to comment on any details, including site negotiations.
“We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage,” Hyundai said in a statement. The amount of direct investment and the number of jobs it could create remains unknown. However, last month, it was revealed that a $300 million investment into its Alabama plant would lead to 200 new jobs, and a new factory should create more.
Georgia is one of America’s largest markets for electric vehicles. According to officials, 50% of all new car sales will be electric by 2030. The state is also working tirelessly to set itself as a leader in implementing a cleaner and sustainable transport future for its residents. The new Georgia EV facility, if it is finalized, would serve both Hyundai and Kia as the brands move to roll out a pair of fully electric SUVs – the Ioniq 7 and EV9 – aimed at the U.S. market. The crossovers will ride on the E-GMP platform and are slated to offer three rows of seating. The concepts also had a 350 kW DC fast charging capability and a targeted range of at least 300 miles (483 km).
Both Hyundai and Kia have aggressive EV goals, and a dedicated EV plant would help achieve them. Kia wants 14 EVs in its lineup by 2027, while Hyundai wants 11 in its portfolio by 2030.