Hyundai Motor Group establishes electric vehicle plant in Georgia “Investment of KRW 6.3 trillion”

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Hyundai Motor Group has unveiled plans to secure a production base for electric vehicles in the United States, including the construction of a new factory dedicated to electric vehicles in the United States and investment in a battery cell plant.

On the 20th (local time), the Hyundai Motor Group held a ‘Hyundai Motor Group-Georgia Electric Vehicle Factory Investment Agreement Ceremony’ in the presence of officials including Hyundai Motor President Jang Jae-hoon, President Jose Muñoz, and Georgia Governor Brian Kemp at the site for the construction of an electric vehicle plant in Georgia, USA on the 20th (local time). Opened and formalized this investment plan.

Hyundai Motor Group plans to establish a new finished car plant in Georgia, USA, capable of producing 300,000 electric vehicles per year, with the goal of operating it in the first half of 2025.

In addition, the company plans to build a battery cell plant near the new electric vehicle plant to establish a stable battery supply chain.

In a video message, Chairman Chung Eui-sun said, “We will set up a production base for electric vehicles in Georgia, the United States, and produce innovative electric vehicles for American customers.”

“We welcome Hyundai Motor Group’s investment in Georgia,” Governor Brian Kemp said.

[사진 출처 : 연합뉴스]

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