Current:Home > reviewsHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -TruePath Finance
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-14 02:32:26
ELLABELL, Ga. (AP) — The steel skeletons of buildings where Hyundai will stamp, weld, paint and assemble electric vehicles in Georgia span more than a half mile on a sprawling site dotted with so many cranes, bulldozers and construction workers that it almost looks like they’re building a small city.
A year has passed since Hyundai Motor Group broke ground on the $7.6 billion vehicle and battery plant, the South Korean automaker’s first U.S. factory dedicated to producing EVs. Hyundai officials said more than 2,000 people are working each week on the rapidly progressing project west of Savannah, which the company calls its American “metaplant.”
“The site is advancing every day as we work diligently to complete this amazing project,” Hyundai Motor Group Metaplant America CEO Oscar Kwon told reporters visiting the site Wednesday. “We are on track to start production in early 2025 — or, as my boss Jose Munoz likes to say, if not sooner.”
Munoz, Hyundai’s president and global chief operating officer, said last month that the company has accelerated construction to take advantage of federal incentives that reward domestic production of EVs. He said it’s possible the plant could open before the end of next year.
Officials at the construction site Wednesday said the foundation work for the factory’s main production buildings is almost finished and the framework of more than 27,000 tons (24,490 metric tons) of steel is more than 80% complete. Some have roofs and floors, and exterior wall panels have begun to go up.
“It’s hard to believe what has occurred in just one year,” said Trip Tollison, president and CEO of the Savannah Area Economic Development Authority, one of the key local agencies that worked with state officials to lure Hyundai to Georgia.
The plant is being built parallel to Interstate 16 on a site that covers more than 2,900 acres (1,170 hectares). Hyundai says it will build 300,000 EVs each year at the plant. The site will also manufacture batteries to power those vehicles in a partnership between Hyundai and LG Energy Solution.
Hyundai offered a first look Wednesday at some features of the finished plant. Artist renderings showed buildings with plentiful windows and skylights to maximize natural lighting indoors, a large covered parking lot for employees topped with solar panels, and an elevated bridge with glass sides that will let people outside see unfinished cars moving by conveyor from the paint shop to the assembly plant.
The plant will employ 8,500 workers. Tollison said suppliers opening shop in nine Georgia counties near the Hyundai plant will create another 6,000 jobs.
It’s the largest economic development project in Georgia’s history. And it came with a whopping incentive package, with state officials and local governments offering $2.1 billion in tax breaks.
Pat Wilson, Georgia’s economic development commissioner, has said Hyundai is projected to have a direct payroll of $4.7 billion over the next 10 years. The company has promised to pay workers a yearly average of $58,105, plus benefits.
veryGood! (28)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- One homeless person killed, another 4 wounded in Las Vegas shooting
- Kyiv says Russian forces shot surrendering Ukrainian soldiers. If confirmed, it would be a war crime
- These TV Co-Stars Are Actually Couples in Real-Life
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- If you're having a panic attack, TikTokers say this candy may cure it. Experts actually agree.
- 32 female athletes file lawsuit against Oregon citing Title IX violations
- Widow of French serial killer who preyed on virgins admits to all the facts at trial
- The Super Bowl could end in a 'three
- Jim Harbaugh sign-stealing suspension: Why Michigan coach is back for Big Ten championship
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Michigan shuts out Iowa to win third consecutive Big Ten championship
- Waiting for water: It's everywhere in this Colombian city — except in the pipes
- Los Angeles police searching for suspect in three fatal shootings of homeless people
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Exclusive: MLB execs Billy Bean, Catalina Villegas – who fight for inclusion – now battle cancer
- Author John Nichols, who believed that writing was a radical act, dies at 83
- Authorities identify suspect in killing of 3 homeless men in Los Angeles
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Weeks later, Coast Guard is still unsure of what caused oil spill in Gulf of Mexico
Israel widens evacuation orders as it shifts its offensive to southern Gaza amid heavy bombardments
Bullets scattered on Rhode Island roadway after wild pursuit of vehicle laden with ammo
The company planning a successor to Concorde makes its first supersonic test
Israel says more hostages released by Hamas as temporary cease-fire holds for 7th day
In Mexico, a Japanese traditional dancer shows how body movement speaks beyond culture and religion
Feeling alone? 5 tips to create connection and combat loneliness