Hyundai moves up the opening of its EV factory in Georgia to Q4 2024

The Hyundai Motor Group will start production at its new electric car plant in the US state of Georgia earlier than planned. Production is to start in the fourth quarter of 2024 instead of the first half of 2025.

Image: Hyundai

The Hyundai Motor factory will be located in Bryan County and will produce up to 300,000 Hyundai, Kia and Genesis electric cars and batteries per year. The South Korean company had previously brought forward the start of construction from the beginning of 2023 to October 2022, citing the new rules for electric car subsidies in the USA at the time as the reason.

Even before construction work began on the Hyundai Motor Group Metaplant America (HMGMA) in autumn 2022, the start of production in Bryan County was announced for the first half of 2025. The Group did not change this information even given the earlier start of construction. However, the Group has now officially announced that the start of production will be brought forward to the fourth quarter. This is presumably the time gained by the early start of construction.

A year and a half ago, Hyundai estimated the investment volume for the new vehicle plant at “just over 5.5 billion US dollars” and announced the creation of 8,100 jobs. In the current announcement, the Group speaks of a 7.59 billion dollar investment and 8,500 direct jobs. As announced at CES 2024, the plant logistics are to be partly based on Hyundai’s H2 truck Xcient as part of the “Clean Logistics Project”.

The Group is also building two battery cell factories in Georgia in order to localise the value chain and qualify for subsidies. One factory is being built together with LG Energy Solution near the electric vehicle plant in Bryan County and is scheduled to go into operation at the end of 2025 at the earliest with an annual capacity of 30 GWh. As reported, the South Korean company is planning another factory with SK On. This will not be built in Bryan County, but in Bartow County – in the north-west of Georgia near Atlanta. The production capacity of this factory is not yet known. However, the opening is also scheduled for 2025.

1 Comment

about „Hyundai moves up the opening of its EV factory in Georgia to Q4 2024“
28.02.2024 um 16:52
The Kia EV9 and Ioniq 7 SUVs are perfect for the US market. They will easily sell all they can build there for the first few years. Even with prices much higher than what is usually spent on the Hyundai & Kia brands. As traditional US automakers drag their feet on BEVs they will lose a growing amount of their highest margin segment. Premium/Luxury brands will also be impacted by the highest end variants of these vehicles, along with Volvo and Polestar beginning large BEV SUV production in the US this year as well.

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