Current:Home > MarketsHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -WealthMap Solutions
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-20 20:26:40
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! (8)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- What to know about the search for Sergio Brown: Ex-NFL player missing, mother found dead
- Asteroid that passes nearby could hit Earth in the future, NASA says
- JoAnne Epps, Temple University acting president, dies after collapsing on stage
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Teen survivor of Tubbs Fire sounds alarm on mental health effects of climate change
- College football is set for historic Week 4 with seven games matching ranked opponents
- Band director shocked with stun gun, arrested for not leaving stands after game
- Travis Hunter, the 2
- MLB playoff picture: Wild-card standings, tiebreakers and scenarios for 2023 postseason
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- 'Dumb Money' review: You won't find a more crowd-pleasing movie about rising stock prices
- Browns star Nick Chubb suffers another severe knee injury, expected to miss rest of NFL season
- The Metallic Trend Is the Neutral We're Loving for Fall: See How to Style It
- The Grammy nominee you need to hear: Esperanza Spalding
- Nigeria’s opposition candidate appeals election verdict, asks court to declare him winner instead
- Nick Chubb injury: Latest updates on Browns star, who will miss rest of NFL season
- MLB playoff picture: Wild-card standings, tiebreakers and scenarios for 2023 postseason
Recommendation
Arkansas State Police probe death of woman found after officer
A federal agency wants to give safety tips to young adults. So it's dropping an album
Several security forces killed in an ambush by gunmen in Nigeria’s southeast
Colombia announces cease-fire with a group that split off from the FARC rebels
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
The Book Report: Washington Post critic Ron Charles (September 17)
Some Virginia Democrats say livestreamed sex acts a distraction from election’s real stakes
Did missing ex-NFL player Sergio Brown post videos about mother’s death? Police are investigating