Hyundai starts construction of electric car plant in U.S.

The Hyundai Motor Group's new Metaplant America (HMGMA) facility, set to open in the first half of 2025, will have an annual capacity of 300,000 vehicles. This represents a U.S. investment of approximately $5.54 billion by the company.

On October 25, Hyundai officials, as well as state and local leaders, broke ground on the new manufacturing plant HMGMA at Bryan County in the U.S. state of Georgia.

The $5.54 billion investment by the company and its affiliate suppliers was announced five months ago and includes plans to produce a range of Hyundai, Genesis and Kia electric vehicles (EVs) and a new battery manufacturing facility.

HMGMA will create more than 8,100 jobs over the next few years as the company aims to establish a stable supply chain for EV battery and other EV components in the U.S. market. HMGMA's new smart factory is expected to begin commercial production in the first half of 2025.

Source: HMG