Current:Home > InvestHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -SecureNest Finance
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-11 23:44:31
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! (149)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Today’s Climate: August 14-15, 2010
- 'Sunny Makes Money': India installs a record volume of solar power in 2022
- The strange but true story of how a Kenyan youth became a world-class snow carver
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Thousands of toddler sippy cups and bottles are recalled over lead poisoning risk
- Children's Author Kouri Richins Accused of Murdering Husband After Writing Book on Grief
- Authors Retract Study Finding Elevated Pollution Near Ohio Fracking Wells
- A South Texas lawmaker’s 15
- Twitter will no longer enforce its COVID misinformation policy
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- More than 1 billion young people could be at risk of hearing loss, a new study shows
- How some therapists are helping patients heal by tackling structural racism
- Hillary Clinton’s Choice of Kaine as VP Tilts Ticket Toward Political Center
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- More than 1 billion young people could be at risk of hearing loss, a new study shows
- A Triple Serving Of Flu, COVID And RSV Hits Hospitals Ahead Of Thanksgiving
- Montana voters reject so-called 'Born Alive' ballot measure
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Americans with disabilities need an updated long-term care plan, say advocates
Could this cheaper, more climate-friendly perennial rice transform farming?
This is America's most common text-messaging scam, FTC says
Louvre will undergo expansion and restoration project, Macron says
States differ on how best to spend $26B from settlement in opioid cases
New VA study finds Paxlovid may cut the risk of long COVID
Meadow Walker Honors Late Dad Paul Walker With Fast X Cameo