Current:Home > FinanceHyundai is rapidly building its first US electric vehicle plant, with production on track for 2025 -Capital Dream Guides
Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
View
Date:2025-04-27 18:10:49
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! (15)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- U.S. Border Patrol chief calls southern border a national security threat, citing 140,000 migrants who evaded capture
- Timothée Chalamet's Bob Dylan Movie Transformation Will Have You Tangled Up in Blue
- Harry and Meghan speak out after Princess Kate cancer diagnosis
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Elizabeth Berkley gets emotional at screening of cult classic 'Showgirls': 'Look at us now'
- Candiace Dillard Bassett announces 'RHOP' exit after 6 seasons: 'This is not a farewell'
- Major cities are running out of water. A new World Water Day report says it could worsen global conflict.
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Where will eclipse glasses go after April 8? Here's what experts say about reusing them.
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Riley Strain: Preliminary autopsy results reveal death to be 'accidental,' police say
- Blake Lively apologizes for Princess Kate 'photoshop fails' post after cancer revelation
- Ukraine had no involvement in Russia concert hall attack that killed at least 133, U.S. says
- Could your smelly farts help science?
- Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.
- NBA suspends Kris Dunn, Jabari Smith for role in fight during Rockets-Jazz game
- March Madness picks: Our Monday bracket predictions for 2024 NCAA women's tournament
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Elizabeth Berkley gets emotional at screening of cult classic 'Showgirls': 'Look at us now'
Maine fishermen caught more fish in 2023, thanks to a hunger relief program and COVID funds
Anne Hathaway says she missed out on roles due to 'toxic' Hathahate backlash
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Blake Lively apologizes for Princess Kate 'photoshop fails' post after cancer revelation
'Severe' solar storm hitting Earth could cause Midwest to see northern lights
UFC fighter disqualified for biting opponent, winner celebrates by getting tattoo