Current:Home > StocksHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -Infinite Edge Capital
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-23 18:43:46
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! (57)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- The White House Wants To Fight Climate Change And Help People. Cleveland Led The Way
- Just 10 Etsy Finds Our Shopping Editors Are Obsessed With This Month
- Hundreds more missing after migrant boat capsizes off Greek coast
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- As Western Wildfires Worsen, FEMA Is Denying Most People Who Ask For Help
- On trip to China, Blinken to raise cases of wrongfully detained Americans with Chinese
- Tom Brady's Latest Outing With His and Gisele Bündchen's Kids Is a Work of Art
- Meet first time Grammy nominee Charley Crockett
- Why Clearing Brazil's Forests For Farming Can Make It Harder To Grow Crops
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Philippines' Mayon Volcano spews lava as locals prepare to evacuate in case of explosion
- Texas Rangers Player Josh Smith Hospitalized After Getting Hit in Face by Pitch
- The Devastating Drought Across The West Could Mean An Increase In Farmer Suicides
- Trump's 'stop
- The Reba Cast Just Reunited at Reba McEntire's Hollywood Bowl Concert
- Justin Long Confirms Kate Bosworth Engagement With Story About His Romantic Proposal
- 'Energy Justice' Nominee Brings Activist Voice To Biden's Climate Plans
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Proof Kendall Jenner and Bad Bunny's Romance Is Riding High
One reporter's lonely mission to keep facts flowing in China, where it's hard now to get real news
Former U.K. Prime Minister Boris Johnson quits politics after being sanctioned for misleading Parliament
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Why the One True Loves Stars Felt Pure Terror Bringing Taylor Jenkins Reid's Book to Life
Reese Witherspoon Ditches Her Wedding Ring While Out in Nashville Amid Jim Toth Divorce
Vanderpump Rules' Oliver Saunders Defends Raquel Leviss Amid Tom Sandoval Affair