Recent Automotive Locations in Georgia
Over the last three years, automotive companies continue to choose Georgia for their new locations, while current companies expand to meet demand. Here are a few recent examples of companies now calling Georgia home.
Hyundai Motor Group to Build First Fully Dedicated Electric Vehicle and Battery Manufacturing Facility in Georgia
Hyundai Motor Group will invest $5.54 billion in opening its first state-of-the-art U.S. smart factory fully dedicated electric vehicle (EV) and battery manufacturing. This will create 8,100 jobs in Georgia's coastal region. Construction is expected to begin on the new facility in January 2023, with full production expected in the first half of 2025, with annual capacity of 300,000 units.
“The U.S. has always held an important place in the Group’s global strategy, and we are excited to partner with the State of Georgia to achieve our shared goal of electrified mobility and sustainability in the U.S.” - Euisun Chung, Executive Chair, Hyundai Motor Group
Source, "Hyundai Motor Group to Invest $5.54 Billion in Georgia at First Fully Dedicated Electric Vehicle and Battery Manufacturing Facility," GDEcD press release, 5.20.2022