Hyundai Motor Group has announced an agreement with the state of Georgia to build its first exclusive facility to manufacture all electric vehicles and batteries in the United States. The automaker’s investment decision will create more than 8,000 jobs at Hyundai in the United States and support the multinationals’ goal of being the leader in electric driving in the U.S. market.
Jobs at Hyundai
The official signing ceremony for the construction of an electric vehicle and battery plant in the United States was held in Bryan County by Georgian Governor Brian B. Held in the presence of Kemp. In addition, other Georgia employees, as well as the Chairman and CEO of Hyundai Motor Company Jaehoon Chang and Hyundai Motor Chairman and COO Jose Munos. The news was released by Hyundai.
The new electric vehicle plant and battery production facilities represent an approximate US $ 5.54 billion investment. The new facility is expected to open in early 2023 and begin commercial production with an annual capacity of 300,000 units in the first half of 2025. The battery manufacturing facility will be set up by a strategic partnership, the details of which will be released later.
The electric vehicle market in the United States
Hyundai plans to manufacture a wide range of all-electric vehicles for US customers at its new EV plant in the state of Georgia. Local production is expected to increase U.S. consumer access to the company’s electric vehicles. Through the battery production facility, the team aims to establish a sustainable distribution chain and create an ecosystem in the United States. The project is expected to generate about 8,100 new entrants Jobs in the United States.
Hyundai’s new Georgia plant has instant access to the I-95 and I-16, providing easy access to 250 major cities across the United States. In addition, the site is less than 50 kilometers from the port of Savannah, the largest and fastest container terminal in the United States, with two on-site Class I train facilities provided by the Georgia Central Railway. West Point, Georgia, is already home to Kia’s U.S. manufacturing hub.
Select the state of Georgia and follow the market leadership
Hyundai Motor Group has chosen Georgia as a multinational EV and battery manufacturer due to its market speed, good staff and the company’s current network and many favorable business conditions, including subsidiaries and suppliers. Investing in the EV plant is part of the group’s 2021 announcement to invest $ 7.4 billion in the United States by 2025.
Hyundai Motor Group will be at the forefront of converting electric vehicles to the US automotive market with the new feature. The multinational company is accelerating its electrification efforts with a global target of selling 3.23 million full electric vehicles annually by 2030.
Hyundai Motor is a South Korean multinational automobile manufacturer based in Seoul, South Korea. Founded in 1967, the company now owns 33.88% of Kia Corporation and owns two brands, including its luxury car subsidiary Genesis Motor and electric vehicle subsidiary Ionic. These three brands together form the Hyundai Motor Group.
Hyundai operates the world’s largest integrated car plant in Ulsan, South Korea, with an annual production capacity of 1.6 million units. The multinational company employs about 75,000 people worldwide and Hyundai vehicles are sold through 5,000 dealerships and showrooms in 193 countries.
Jobs at Hyundai: How to apply
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