Governor Brian Kemp and President Jay Chang of the Hyundai Motor Company, both announced recently the development of a US$ 5.5bn Hyundai EV Plant in Georgia, which is expected to become the third-largest manufacturer of electric vehicles in the US by 2026, with a production capacity of 300,000 vehicles per year.
The details of this project were made public at the site of the future Hyundai EV Plant, which is just a portion of the US$ 61M flat, sprawling tract of land located near the Port of Savannah in Bryan County; this property was purchased last year by the local officials in hopes of attracting a major manufacturer.
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Expectations for the Hyundai EV Plant in Georgia
The new Hyundai EV Plant in Georgia will be the first U.S. plant to be built by the South Korean company, intended for the assembly and production of electric vehicles. According to the company, this new plant would also provide employment opportunities for up to 8,500 people.
Governor Kemp, supported the move for the Hyundai EV Plant, stating that the new development would give hardworking Georgian citizens an opportunity to get high paying and advanced manufacturing jobs with a great company. He also predicted that the new Georgia plant would become a major customer of Savannah’s Port and play a huge role in bringing more wealth and opportunities to the region.
Not much was said concerning the vehicle models that would be produced at the new Hyundai EV Plant, but Euisun Chung the chairman of Hyundai Motors mentioned that the Georgia plant would produce a variety of exciting innovative electric vehicles suited for its American customers.
Construction on the plant is scheduled to begin by January 2023, with its delivery date set for the first half of 2025.
