Hyundai’s Georgia EV Plant to Open Early

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Hyundai's Georgia EV Plant to Open Early

Contrary to the notion that car makers are backing away from electric vehicles after a brief slowdown, Hyundai Motor Group is making it clear they’re pressing forward with vigor. Already making waves in the EV market, Hyundai’s commitment is unwavering with the Kia EV9 hitting the market to high praise, and great deals available on the Hyundai Ioniq 5 and Ioniq 6. Additionally, the much-anticipated Ioniq 7, a three-row crossover, is set to make its debut this summer.

In a move that underscores their dedication to electric vehicles, Hyundai announced just yesterday that its Georgia-based “Metaplant” — a mega factory focused on producing EVs, batteries, and their components — will be opening its doors sooner than expected. Originally planned for 2025, the facility near Savannah will now start operations in the last quarter of 2024, with a grand opening celebration planned for the early months of 2025. This update was shared during the “Hyundai Day” event at the Georgia state capitol, reinforcing Hyundai’s strong position in the electric vehicle sector.

At the event, Hyundai officials were joined by Governor Brian Kemp, Georgia’s First Lady, and an impressive lineup of electric vehicles and the hydrogen-fueled XCIENT Fuel Cell Truck, showcasing the breadth of Hyundai’s commitment to alternative energy vehicles.

The state of Georgia has plenty of reasons to celebrate its partnership with the South Korean car manufacturer. The Metaplant represents a substantial $7.59 billion investment by Hyundai, in addition to a $5 billion EV battery cell factory in Bartow County, Georgia, developed in collaboration with SK On. This massive investment is expected to generate 8,500 new jobs, bolstering the local economy significantly. In support of this project, Georgia has offered Hyundai $1.8 billion in incentives, including tax breaks. This investment is poised to establish one of Hyundai Motor Group’s largest electric vehicle production hubs for many years to come, marking a significant milestone in the state’s automotive and manufacturing industries.

A spokesperson from Hyundai USA shared with InsideEVs that the upcoming Georgia plant will manufacture models from Hyundai, Kia, and Genesis. Although specific models haven’t been disclosed yet, there’s speculation that the Ioniq 5 and Ioniq 6, along with the Genesis GV60, could be likely candidates. These models, built on the advanced E-GMP platform, are not currently produced in North America, which means they don’t qualify for U.S. tax credits when purchased, though leasing them is a workaround. However, Kia’s assembly plant in West Point, Georgia, is set to begin production of the EV9 later this year, potentially making it eligible for some tax benefits.

Hyundai, Genesis, and Kia are ambitiously expanding their electric vehicle operations on a global scale. For Kia, this expansion includes starting EV production at eight international locations by 2025, with Georgia being one of them. This strategic move to manufacture some of their already popular models domestically could make these electric vehicles more affordable for American consumers, thanks to potential tax incentives. Accelerating investments in these manufacturing facilities is expected to yield significant returns, aligning with the brands’ aggressive plans for the EV market.

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