The US$5.54bn investment by the company and its affiliate suppliers was announced five months ago and includes plans to produce a diverse range of Hyundai, Genesis and Kia EVs and a new battery manufacturing facility. HMGMA will create more than 8,100 jobs over the next few years as the company aims to establish a stable supply chain for EV battery and other EV components in the US market. The new smart factory is expected to begin commercial production in the first half of 2025.
Hyundai Motor Group says it will be a leader in the US auto market's EV transition with the new facility. The group is accelerating its electrification efforts with the global target to sell 3.23 million full electric vehicles annually by 2030. To realise this goal, the group plans to establish a global EV production network that will ensure a stable supply of EVs around the globe.
The Georgia facility will become an intelligent manufacturing plant. All processes of production — order collection, procurement, logistics and production — will be optimised utilising AI and data. The innovative manufacturing system will also help create a human-centred work environment with robots assisting human workers.
