Hyundai has marked the beginning of a new era with the official opening of its $7.6 billion electric vehicle (EV) plant in Georgia, USA. The first US-assembled Hyundai IONIQ 5 has left the production line and is expected to arrive at American dealerships by year-end?
Hyundai’s $7.6-billion electric vehicle manufacturing plant in Georgia officially inaugurates its operations today, marking a significant milestone for the South Korean automaker’s ambitious electrification plans.
After a successful groundbreaking ceremony in October 2022, Hyundai Motor Group’s Metaplant America (HMGMA) facility in Bryan County, Georgia, has officially opened its doors.
Hyundai accelerated the development process within a remarkably brief 18-month period, expediting production as it seeks to capitalize on its early mover advantage in the burgeoning market for US-assembled electric vehicles.
Hyundai announced that its Savannah plant has begun producing passenger vehicles ahead of schedule after verifying its manufacturing processes to meet the company’s rigorous standards. The news was shared through a statement released by the automaker on Friday.
The highly anticipated facility marks a significant achievement for both Hyundai and the state of Georgia, serving as the largest economic development project in the state’s history to date.
Hyundai’s initial investment of $5 billion ultimately blossomed into a substantial commitment of $7.6 billion. Recently, the automaker has bolstered its US presence by adding its 18th supplier to support the rapid growth of its American operations. Hyundai’s expansion is expected to generate an additional 8,500 jobs in the region.
Electric Vehicles are driving job creation and attracting significant investments.
Another $5 billion electric vehicle (EV) battery plant is under development in Bartow County through a partnership with SK On, which will create an additional 3,500 jobs.
Since 2018, a staggering $28 billion has been committed to investing in Georgia’s burgeoning clean energy sector, with a focus on electrifying transportation infrastructure, innovative battery technology, and other environmentally friendly projects. To date, these initiatives have created more than 36,000 new employment opportunities within the state.
According to an examination, Hyundai’s Georgia EV plant is expected to generate more than 58,200 new job opportunities. This initiative will attract more than $12.6 billion in investments.
The state has collaborated with native universities and technical institutions to develop a new generation of automotive professionals.
The first model to debut on Hyundai’s updated 2025 production line is the innovative IONIQ 5. The all-new Hyundai IONIQ 5 boasts an array of innovative features and a sleek, modern design. With its NACS charging port, this vehicle seamlessly connects to Tesla’s extensive Supercharger network. Hyundai has announced that its new model is expected to hit the market by the end of 2024.
Later this year, Hyundai will debut its inaugural all-electric, three-row SUV, the IONIQ 9, which was recently spotted undergoing testing in the United States. The Hyundai Group has announced plans to manufacture its larger electric SUV model concurrently with the 2025 IONIQ 5 in Georgia, USA.
Hyundai announced that electric vehicles manufactured at its plant are eligible for a partial $3,750 federal tax credit. As soon as the battery plant opens, Hyundai anticipates that US-manufactured electric vehicles will qualify for the full $7,500 federal tax credit.
By 2025, Hyundai will offer the IONIQ 5 in a ruggedized XRT trim, catering to outdoor enthusiasts seeking an all-electric adventure vehicle.
(Focused) | |||
Restricted SE/SEL XRT |
260 miles 260 miles N/A |
+250 to +280 miles | |
SE/ SEL/ Restricted Se Customary Vary |
303 miles 220 miles |
+310 miles +240 miles |
Hyundai unveiled a significant milestone on Friday, announcing that its US-manufactured IONIQ 5 model will be integrated into Waymo’s autonomous taxi fleet as part of a long-term strategic partnership.