Hyundai simply opened its large new EV plant in Georgia

Hyundai is kicking off a brand new period as its $7.6 billion EV plant in Georgia is now formally up and working. The primary US-made IONIQ 5 rolled off the meeting line and is scheduled to reach at US sellers by the top of the yr.

Hyundai’s $7.6 billion EV plant in Georgia formally opens

After breaking floor on the positioning in October 2022, Hyundai Motor Group’s Metaplant America (HMGMA) in Bryan County, GA, is now open.

Hyundai accomplished building in slightly below two years, fast-tracking manufacturing because it appears to achieve an edge with US-made electrical fashions.

“After validating its manufacturing processes to make sure its automobiles meet Hyundai Motor Group’s excessive requirements, (the Savannah plant) has began preliminary manufacturing of buyer automobiles forward of schedule,” an announcement from Hyundai on Friday learn (by way of The Atlanta Journal-Structure).

The brand new facility is a major milestone for Hyundai and Georgia as the biggest financial growth challenge in state historical past.

Hyundai initially invested $5 billion into the power, which later grew to a whopping $7.6 billion. Simply final week, the plant added its 18th provider as Hyundai builds an in depth US community. Hyundai alone is creating a further 8,500 jobs within the space.

EVs are creating jobs and attracting main investments

One other $5 billion EV battery plant is below building in Bartow County by a partnership with SK On, creating one other 3,500 positions.

Since 2018, over $28 billion has been invested in Georgia to construct electrical automobiles, batteries, and different clear power initiatives. The initiatives have already attracted over 36,000 new jobs within the state.

In accordance with a examine from the Middle for Automotive Analysis, Hyundai’s Georgia EV plant will assist create over 58,200 new jobs. It can additionally appeal to over $12.6 billion in investments.

The state has labored with native universities and technical packages to assist put together a brand new era of auto staff.

The primary car to roll off the meeting line is Hyundai’s up to date 2025 IONIQ 5. The new Hyundai IONIQ 5 options much more vary and a pointy new design. It even has an NACS charging port to entry Tesla’s Supercharger community. Hyundai mentioned it will likely be obtainable by the top of 2024.

Later this yr, Hyundai will unveil its first all-electric three-row SUV, the IONIQ 9 (which was just lately noticed testing within the US). The bigger electrical SUV might be constructed alongside the 2025 IONIQ 5 in Georgia.

Hyundai mentioned electrical automobiles constructed on the plant will qualify for a partial $3,750 federal tax credit score. Nonetheless, as soon as the battery plant opens, Hyundai expects US-made EVs might be eligible for the complete $7,500.

The 2025 IONIQ 5 might be obtainable with a brand new XRT trim for individuals who wish to “play within the grime and have all-electric adventures.”

Hyundai additionally introduced its US-made IONIQ 5 will be part of Waymo’s robotaxi fleet on Friday as a part of a brand new multi-year partnership.

With the 2025 mannequin rolling out, Hyundai is providing important reductions on 2024 fashions. You should utilize our hyperlink to view affords on the 2024 Hyundai IONIQ 5 at a vendor close to you.