Hyundai’s $7.6 Billion Investment in Georgia Expected to Create 8,500 Jobs by 2030

Hyundai has officially opened its new electric vehicle (EV) plant in Georgia, marking a significant step in the company’s ambitious plans for the U.S. market.

The Hyundai Motor Group Metaplant America, which represents the state’s largest economic development project, will manufacture a range of EVs, including the company’s much-anticipated first three-row electric SUV, the IONIQ 9.

This plant is part of a broader $7.6 billion investment that aims to create approximately 8,500 direct jobs by 2030, contributing to the local economy.

The new plant will produce vehicles from Hyundai, Kia, and Genesis

The facility is expected to generate over 58,200 jobs when including the economic benefits from associated suppliers and a new battery plant being built in partnership with SK On.

At the grand opening event, Hyundai Motor Group Executive Chair Euisun Chung emphasized the importance of building the future of mobility in collaboration with American workers, a sentiment echoed by Georgia Governor Brian Kemp and other key figures at the ceremony.

The new plant will produce vehicles under Hyundai, Kia, and Genesis brands, with the first model, the 2025 Hyundai IONIQ 5, having already started production in October.

The upgraded IONIQ 5 boasts extended range capabilities, improved design, and compatibility with Tesla Superchargers. Following closely is the IONIQ 9, expected to launch in the spring, featuring a substantial battery pack for a range of up to 335 miles.

Additionally, this opening aligns with Hyundai’s broader $21 billion investment strategy in the U.S., which includes $9 billion aimed at increasing production to 1.2 million vehicles across its brands, and $6 billion dedicated to a new steel plant in Louisiana.

However, concerns are being raised regarding potential impacts on the EV market, particularly as Senator Jon Ossoff cautioned against the elimination of federal tax credits for electric vehicles, highlighting the risks this poses to the industry’s growth in the country.