Current:Home > MyHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -Prime Capital Blueprint
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
Burley Garcia View
Date:2025-04-09 08:07:45
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! (7)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Epic Games to give refunds after FTC says it 'tricked' Fortnite players into purchases
- Social media platform Bluesky nearing 25 million users in continued post
- Friend for life: Mourning dog in Thailand dies at owner's funeral
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- With the Eras Tour over, what does Taylor Swift have up her sleeve next? What we know
- 'Unimaginable situation': South Korea endures fallout from martial law effort
- Michael Cole, 'The Mod Squad' and 'General Hospital' actor, dies at 84
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Arizona city sues federal government over PFAS contamination at Air Force base
Ranking
- Travis Hunter, the 2
- Jim Carrey Reveals Money Inspired His Return to Acting in Candid Paycheck Confession
- Small plane crashes onto New York highway, killing 1 person and injuring another
- Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'The Later Daters': Cast, how to stream new Michelle Obama
- 'Unimaginable situation': South Korea endures fallout from martial law effort
- Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Friend for life: Mourning dog in Thailand dies at owner's funeral
San Diego raises bar to work with immigration officials ahead of Trump’s deportation efforts
Man identifying himself as American Travis Timmerman found in Syria after being freed from prison
Tree trimmer dead after getting caught in wood chipper at Florida town hall
San Diego raises bar to work with immigration officials ahead of Trump’s deportation efforts
Krispy Kreme's 'Day of the Dozens' offers 12 free doughnuts with purchase: When to get the deal
Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did