It should cost 5.5 billion US dollars, a new factory Hyundai Motor Groupwhere the automotive group operates Hyundai brand electric vehicles, come on and Genesis and wants to produce the batteries needed for their operation. A few days ago, Euisun Chung, Chairman of the Hyundai Motor Group, together with Governor Brian P. Kemp and many other high-level representatives of Hyundai-Kia and politics, laid the foundation stone of “Metaplant America”.
Investment of the company and its partners of more than 5.5 billion dollars it was announced five months ago and includes plans to manufacture a range of Hyundai, Genesis and Kia modelselectric cars and a new battery manufacturing facility. The site is expected to provide more than 8,100 jobs in the coming years as the company aims to establish a strong supply chain for EV batteries and other EV accessories in the US market. The car plant, designed as a smart factory, is scheduled to start production in the first half of 2025.
With the new facility, Hyundai Motor Group intends to play a leading role in electric mobility in the American car market. The group is currently accelerating its electrification efforts with a global goal of selling around 3.5 million electric vehicles annually by 2030. To achieve this goal, the group plans to build a global EV production network to ensure a stable supply of electric vehicles .
With additional EV capacity and battery production in the US, the group wants to maintain its position as one of the three most successful electric vehicle suppliers in the US. Hyundai-Kia plans to be the leader in the EV market not only in terms of sales, but also in terms of design, technology and mobility solutions optimized for the era of electric mobility. The investment is also in line with the US government’s road map to accelerate electrification: by 2030, electric vehicles will make up at least half of all new cars in the US.
The future of intelligent manufacturing
According to the manufacturer, the new facility will feature a highly integrated, automated and flexible manufacturing system that organically integrates all components of the EV ecosystem. The factory in the state of Georgia is planned as an intelligent production facility. All production processes – ordering, purchasing, logistics and production – should be optimized with the help of AI and data. The innovative manufacturing system should also help create a humanized work environment with robots that assist workers in assembly.
Source: Hyundai – press release dated 10/25/2022