Prime Highlights:
- Hyundai officially inaugurates its first stand-alone electric and hybrid car manufacturing facility in Bryan County, Georgia, the state’s largest-ever economic development project.
- The plant, together with LG Energy Solution, will make over 300,000 vehicles a year and will create 8,500 new jobs, backing Hyundai’s goal of selling over 3 million full electric vehicles every year up to 2030.
Key Facts:
- Hyundai Metaplant is a $12 billion investment in the Georgia economy.
- It is also joined with LG Energy Solution, assuring cutting-edge battery technology in its electric vehicles.
Key Background:
Hyundai Motor Group officially inaugurated its state-of-the-art electric vehicle (EV) manufacturing plant in Bryan County, Georgia, an economic state first. The state-of-the-art complex, the Hyundai Metaplant, is the company’s first independent mass-producing electric and hybrid car factory. The facility will generate approximately 8,500 new jobs over the course of two years and is a behemoth of more than $12 billion investment in the Georgia economy.
Strategically located along Savannah, Hyundai Metaplant is a cooperation with LG Energy Solution, the latter of which’s advanced battery technology will propel electric vehicles to be produced at the plant. The joint venture will be at the heart of empowering Hyundai to fulfill its ambitious mission of producing over 3 million fully electric cars per year in 2030. The factory will produce over 300,000 units each year, radically increasing Hyundai’s market share for EVs as well as creating growth in clean modes of travel.
The convention was chaired by Hyundai Executive Chair Euisun Chung, national leaders. Chung was upbeat about America’s mobility future in reference to Hyundai’s commitment to penetrate deep into society. Georgia Governor Brian Kemp also mentioned the project reflected Hyundai’s faith in Georgia and Georgia’s potential.
Hyundai Metaplant’s launch will be able to change the nation’s economy because it will create thousands of fresh jobs, aside from putting Georgia in the nation’s lead in the booming EV market. The investment again underscores the state’s backing in driving innovation and high investment into the automobile business.
In short, Hyundai’s new Bryan County factory is one of Georgia’s biggest success stories with bright future prospects for electric vehicle manufacturing breakthroughs and clean transportations.
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