Hyundai Announces New Production Start Date at Metaplant America During Hyundai Day in Georgia

Rhea-AI Summary

Hyundai Motor Group's Metaplant America accelerates production start to Q4 2024, celebrated as Hyundai Day in Georgia. Investments of $7.59 billion creating 8,500 jobs with additional EV battery plant. Partnership with Georgia for economic growth and job creation.

Positive

• Hyundai Motor Group's Metaplant America moves up production start to Q4 2024, targeting grand opening in Q1 2025.
• Investing $7.59 billion to develop HMGMA, creating 8,500 direct jobs, with an additional $5 billion EV battery cell plant employing 3,500 workers.
• Hyundai's investments in Georgia expected to create nearly 40,000 jobs and generate $4.6 billion in individual earnings annually.
• Developing educational partnerships with colleges to create employment pipeline, offering Electric Vehicle Professional Technical Certificate.
• Hyundai actively developing hydrogen mobility value chain at HMGMA, utilizing XCIENT Fuel Cell tractors for logistics.
• Georgia facility to become intelligent manufacturing plant with AI and data optimization, creating human-centered work environment.
• Hyundai Motor America contributes $20.1 billion annually and 190,000 jobs to the U.S. economy.
• Partnership with Georgia for economic growth and job opportunities through Clean Logistics Project and hydrogen refueling infrastructure development.

Negative

• None.

• Hyundai Motor Group Metaplant America moves up start of production to Q4 2024
• Georgia Governor Kemp, company, state leaders celebrate Hyundai Motor Group's positive impact on state, officially marking Feb. 26, 2024 as Hyundai Day
• Hyundai to deploy its XCIENT Fuel Cell Truck between HMGMA and its suppliers

ATLANTA, Feb. 26, 2024 /PRNewswire/ -- Governor Brian P. Kemp, First Lady Marty A. Kemp, along with president and global COO of Hyundai Motor Company and president and CEO of Hyundai and Genesis Motor North America José Muñoz celebrated Hyundai Motor Group's (HMG) positive impact on the State of Georgia. At the event, Hyundai Motor Group Metaplant America (HMGMA) revealed that the official start of production has accelerated to the fourth quarter of 2024 with the grand opening celebration targeted for the first quarter of 2025. It was previously announced that production would begin in the first quarter of 2025. Additionally, the General Assembly passed a Resolution commending Hyundai Motor Group's dedication to the State of Georgia and recognizing Feb. 26, 2024, as Hyundai Day at the State Capitol.

Hyundai and Genesis electric vehicles, including the IONIQ 5, IONIQ 6, GV60, and Electrified GV70, along with the hydrogen-powered XCIENT Fuel Cell Truck, to be used for logistics needs between Hyundai's manufacturing facilities and suppliers, were on display outside of the State Capitol.

"Georgia is like a second home to us," said José Muñoz, president and global COO, Hyundai Motor Company, and president and CEO, Hyundai and Genesis Motor North America. "On behalf of all of us at Hyundai Motor Group, we are very proud that Hyundai's investments in Georgia will create tens of thousands of great paying American jobs and bring tens of billions of dollars in economic impact for decades to come. Thank you to our partners and to the great people of Georgia for your support and for making us feel so much at home."

"For decades, Hyundai Motor Group has been an incredible partner to our state, and we knew exactly what kind of historic benefits a project like this would bring to hardworking Georgians when we first began talks with HMG," said Governor Brian Kemp. "Hyundai is with us at the table, helping us recruit businesses, giving back to our communities, and working with our world-class colleges and universities to connect more Georgians with great opportunities. We share a focus on the future, and we're excited for what our long-term partnership will bring for the coastal region and all of Georgia."

"2024 is going to be a great year for HMGMA," said Oscar Kwon, president and CEO, HMGMA. "This is the largest economic development project in Georgia's history, and we have been moving at a rapid speed. Completing a project of this scale on this timeline has been a challenge, but our team has delivered amazing results. We owe a lot of this to the hard work of our Meta Pros and the continued support and cooperation of our state and local partners, including the Savannah Harbor-Interstate 16 Joint Development Authority."

Lieutenant Governor Burt Jones and House Speaker Jon Burns, along with legislative leaders from both chambers, Department of Economic Development Director Pat Wilson, local elected and economic officials from the Savannah Harbor-Interstate 16 Corridor Joint Development Authority, and numerous company representatives joined the celebration, echoing the significance of the statewide impact.

Hyundai Motor Group Metaplant America Investment
Hyundai Motor Group is investing $7.59 billion to develop HMGMA, which will create 8,500 direct jobs. Additionally, Hyundai and SK On are building a $5 billion EV battery cell plant in Bartow County, Georgia that will employ 3,500 workers. According to a recent Center for Automotive Research study, Hyundai's investments in Georgia are expected to create nearly 40,000 jobs and create $4.6 billion in individual earnings every year.

HMGMA continues its hiring efforts and has developed educational partnerships with area colleges to create a pipeline for future employment. The Electric Vehicle Professional Technical Certificate (EVP TCC) being offered at four area technical colleges is an example of this collaboration. Students who successfully complete the program receive preferred status when applying for a position at HMGMA.

Those interested in a career at HMGMA can apply at Careers.HMGMA.com.

Hydrogen Ecosystem in Georgia
Hyundai is also actively developing a hydrogen mobility value chain at HMGMA as it announced at CES 2024. Through the Clean Logistics Project in the state, the Metaplant will utilize XCIENT Fuel Cell tractors to manage the logistics of the plant and its suppliers. XCIENT is Hyundai's commercialized class 8 6x4 fuel cell electric model that has a proven record of real-world application and technological reliability around the world with more than 6.25 million accumulated miles. Hyundai is also developing the hydrogen refueling infrastructure needed to support this fuel cell activity. This collaboration is anticipated to stimulate economic growth and create job opportunities within the state.

Hyundai Motor Group Metaplant America
Hyundai Motor Group Metaplant America (HMGMA) is Hyundai Motor Group's first dedicated Electric Vehicle mass-production plant and is located in Bryan County, Georgia. The new plant will boast a highly connected, automated, and flexible manufacturing system, which organically connects all elements of the EV ecosystem to realize customer value. The Georgia facility will become an intelligent manufacturing plant. All processes of production—order collection, procurement, logistics and production—will be optimized utilizing AI and data. The innovative manufacturing system will also help create a human-centered work environment with robots assisting human workers.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America (in development in Georgia), and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit www.hyundainews.com.

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SOURCE Hyundai Motor America

FAQ

When will Hyundai Motor Group's Metaplant America start production?

Hyundai Motor Group's Metaplant America will start production in Q4 2024, with the grand opening celebration planned for Q1 2025.

How much is Hyundai Motor Group investing in HMGMA?

Hyundai Motor Group is investing $7.59 billion in HMGMA to create 8,500 direct jobs.

What educational partnership has HMGMA developed for future employment?

HMGMA has developed partnerships with colleges offering the Electric Vehicle Professional Technical Certificate for employment pipeline.

What is Hyundai's involvement in developing a hydrogen mobility value chain in Georgia?

Hyundai is actively developing a hydrogen mobility value chain at HMGMA, utilizing XCIENT Fuel Cell tractors for logistics and creating job opportunities.

How is Hyundai Motor America contributing to the U.S. economy?

Hyundai Motor America contributes $20.1 billion annually and 190,000 jobs to the U.S. economy.