Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Hyundai Starts Making Electric SUVs At $7.6B Georgia Plant

- Advertisement -

On Thursday, Hyundai Motor Group Metaplant America hosted a celebration centred on employees at its Georgia factory to mark the production of its first commercially available electric vehicle, spokesperson Bianca Johnson announced in a statement to The Associated Press on Monday.

Less than two years after initiating construction on its expansive USD 7.6 billion manufacturing facility west of Savannah, Georgia, Hyundai has commenced the production of electric SUVs. The company celebrated this milestone with an “employee-focused event” at the Georgia factory last Thursday, where the first commercially available EV was unveiled, according to a statement from Bianca Johnson, spokesperson for Hyundai Motor Group Metaplant America, made to The Associated Press on Monday.

Following rigorous testing of its production processes to align with Hyundai Motor Group’s stringent quality standards, Johnson noted that the Georgia facility has begun producing vehicles for customers ahead of its projected schedule. She added that a grand opening for the plant is slated for the first quarter of 2025.

- Advertisement -

Hyundai, along with its battery partner LG Energy Solution, plans to hire a total of 8,500 employees at the Bryan County site, located approximately 50 miles west of Savannah. Once fully operational, the plant is expected to manufacture up to 300,000 electric vehicles annually, along with the batteries that power them.

More than 1,000 workers are currently staffing the plant’s vehicle production sectors, which are complete, while the battery production areas are still under construction, Johnson explained.

The initial batch of vehicles from the Georgia site includes the 2025 Ioniq 5 electric SUVs. Johnson stated that these American-made EVs would be available at U.S. dealerships by year’s end. In the first half of 2024, the Ioniq 5 ranked as America’s second most popular electric vehicle, trailing only behind Tesla.

The groundbreaking for Hyundai’s Georgia facility occurred in late October 2022. It represents the largest economic development endeavour in the state’s history, backed by approximately USD 2.1 billion in tax breaks and other incentives from state and local governments.

Hyundai accelerated the establishment of its EV production in Georgia, driven by the federal electric vehicle incentives under the Inflation Reduction Act of 2022, which includes tax credits up to USD 7,500 for EVs manufactured in North America using domestic batteries. Although Hyundai executives initially criticized the legislation as unfair, Hyundai President and Global Chief Operating Officer Jose Munoz acknowledged that it influenced the company’s decision to expedite the plant’s opening.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153
iPhone India Production

iPhone Production In India Grabs Freight-On-Board Value Of $10Bn

0
Although iPhone production escalated to $10 billion, exports were $7 billion, which is around 70 percent. Backed by the union cabinet’s Production Linked Incentive (PLI)...

Gold Demand Grows Amid AI Electronics Boom

0
Despite rising prices and limited alternatives, AI-powered electronics are driving a golden boom, with soaring demand for gold in devices like smartphones and self-driving...

Applied Materials, Absolics, ASU Win $100M Each For Packaging Innovation

0
To advance semiconductor packaging, boosting AI and tech innovation, the U.S. government has awarded up to $100 million each to Applied Materials, Absolics, and...

Vingroup Unveils VinRobotics For AI And Automation Advances

0
VinRobotics, boasting a charter capital of VND 1,000 billion, will concentrate on crafting intelligent robotic products and solutions aimed at boosting production efficiency. These...

India’s Mobile Export Boom Pushes For Airport Infrastructure Overhaul

0
New airports to keep up with India's mobile export surge? To meet $180 billion target by 2030, manufacturers are urging upgraded and expanded cargo...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...
Abhishek Malik, Executive Director, Calcom Vision Ltd

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

iPhone India Production

iPhone Production In India Grabs Freight-On-Board Value Of $10Bn

0
Although iPhone production escalated to $10 billion, exports were $7 billion, which is around 70 percent. Backed by the union cabinet’s Production Linked Incentive (PLI)...

Gold Demand Grows Amid AI Electronics Boom

0
Despite rising prices and limited alternatives, AI-powered electronics are driving a golden boom, with soaring demand for gold in devices like smartphones and self-driving...

Applied Materials, Absolics, ASU Win $100M Each For Packaging Innovation

0
To advance semiconductor packaging, boosting AI and tech innovation, the U.S. government has awarded up to $100 million each to Applied Materials, Absolics, and...

Vingroup Unveils VinRobotics For AI And Automation Advances

0
VinRobotics, boasting a charter capital of VND 1,000 billion, will concentrate on crafting intelligent robotic products and solutions aimed at boosting production efficiency. These...

India’s Mobile Export Boom Pushes For Airport Infrastructure Overhaul

0
New airports to keep up with India's mobile export surge? To meet $180 billion target by 2030, manufacturers are urging upgraded and expanded cargo...

Learn From Leaders

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...
Abhishek Malik, Executive Director, Calcom Vision Ltd

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...

Startups

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...