Current:Home > ScamsHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -MoneyBase
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-26 07:41:16
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
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Bangladesh’s anti-graft watchdog quizzes Nobel laureate Muhammad Yunus in embezzlement case
- An atheist in northern Nigeria was arrested. Then the attacks against the others worsened
- Coach Outlet Just Dropped a Spooktacular Halloween Collection We're Dying to Get Our Hands On
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- EPA to investigate whether Alabama discriminated against Black residents in infrastructure funding
- Country Singer Jimmie Allen and Wife Alexis Back Together Amid Birth of Baby No. 3
- Only 19 Latinos in Baseball Hall of Fame? That number has been climbing, will keep rising
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- September sizzled to records and was so much warmer than average scientists call it ‘mind-blowing’
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- First leopard cubs born in captivity in Peru climb trees and greet visitors at a Lima zoo
- Prosecutors accuse rapper YNW Melly of witness tampering as his murder retrial looms
- German customs officials raid properties belonging to a Russian national targeted by sanctions
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Grimes files petition against Elon Musk to 'establish parental relationship' of their kids
- Kylie Cantrall Shares the $5 Beauty Product She Takes With Her Everywhere
- Georgia state Senate to start its own inquiry of troubled Fulton County jail
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Georgia election case defendant wants charges dropped due to alleged paperwork error
Content moderation team cuts at X, formerly known as Twitter : 5 Things podcast
America’s nonreligious are a growing, diverse phenomenon. They really don’t like organized religion
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Biden administration waives 26 federal laws to allow border wall construction in South Texas
Victoria Beckham Shares Why She Was “Pissed Off” With David Beckham Over Son Cruz’s Birth
iCarly Revival Canceled After 3 Seasons on Paramount+