South Korea’s Hyundai has secured its 18th supplier for its $7.6 billion electric vehicle plant in Georgia, as part of its efforts to establish a comprehensive US supply chain. As early as next month, the new plant is expected to begin production of US-made Hyundai electric vehicles, initially featuring its latest 2025 IONIQ 5 model.
South Korea-based Hyundai has attracted its 18th supplier for its electric vehicle manufacturing facility in Bryan County, Georgia.
Georgia’s Governor, Brian Kemp, announced an investment of $11.2 million from Shinsung Petrochemical to establish a new manufacturing facility in Toombs County.
Shinsung, the leading global supplier of automotive sealants, has been selected as a crucial partner for Hyundai’s cutting-edge Metaplant facility in Bryan County, solidifying its position as a go-to solutions provider in the industry.
“We’re thrilled to welcome Shinsung as the latest addition to the growing network of suppliers thriving in rural areas,” said Kemp. When completed in 2025, a state-of-the-art facility will become the first of its kind in Toombs County, generating more than 30 employment opportunities.
The corporation has become the 18th investor to contribute funds to Hyundai’s newly established electric vehicle production facility in Georgia. Hyundai is committing a substantial $7.6 billion investment to bolster its operations, resulting in the creation of approximately 8,500 new jobs within the state.
Another $5 billion EV battery plant, this one being built in partnership with SK On in Bartow County, Georgia, will bring an additional 3,500 jobs to the area.
Electric vehicle (EV) manufacturing facilities are driving economic growth in Georgia by generating new job opportunities and drawing investments to the state.
Since 2018, the state of Georgia has garnered a substantial influx of over $28 billion in investments, primarily focused on the development of electric vehicles, batteries, and other clean energy projects. The initiative has successfully attracted more than 36,000 new job opportunities.
According to recent studies, the Hyundai plant is expected to generate more than 58,200 new job opportunities, drawing in over $12.6 billion in investments for the state of Georgia.
Hyundai plans to launch its state-of-the-art facility by October at the latest.
The inaugural model rolling off the assembly line will be the cutting-edge 2025 IONIQ 5, boasting an updated design, additional versatility, and a Tesla NACS charging port. Hyundai is set to debut its inaugural three-row electric SUV, the IONIQ 9, which will be manufactured at one of its facilities.
Although initially limited to a partial $3,750 tax credit, Hyundai anticipates its US-manufactured EVs will meet the criteria for the full $7,500 incentive once the battery production line is operational.
Hyundai has introduced a fresh XRT trim for its 2025 IONIQ 5, catering to those who crave off-road excitement while indulging in all-electric escapades.
| (Focused) | |||
| Restricted SE/SEL XRT |
260 miles 260 miles N/A |
+250 to +280 miles | |
| SE/ SEL/ Restricted Se Commonplace Vary |
303 miles 220 miles |
+310 miles +240 miles |
Wrapped in a distinctive exterior treatment, the XRT boasts its own unique identity with exclusive front and rear bumpers, side skirts, and other bold design elements that exude a sense of ruggedness.
Following a strong second quarter performance, where Hyundai Motor, including Kia, surpassed both Ford and General Motors in US electric vehicle sales, it seems poised to solidify its position for the future. Hyundai and Kia collectively dominated the US electric vehicle market in Q2, capturing a notable 10% share, surpassing Ford’s 7.4% and General Motors’ 6.3% slices of the pie.
As U.S. manufacturing capabilities improve and innovative electric vehicles (EVs) hit the market, Hyundai aims to secure a larger slice of the competitive landscape.
