[AutonomousVehicles] Hyundai to build autonomous vehicles in GA

[Cornelius Butler]

Hi Everyone,
I'm returning back to posting on a more regular basis starting today. I
have a lot of catching up to do. I've been away because a close family
member who I take care of was sick and took a bit longer than expected to
get better. Things are much better now. Thank you for those that sent
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As many of you know I live in Georgia and on Friday a major announcement
was made that Hyundai, the parent company of Kia, Genesis, and maker of
Hyundai vehicles has chosen GA to build a massive electric vehicle and
autonomous vehicle manufacturing facility that will be employing 8,100
people and cost more than $5 billion to build. Article link and text is
below.

Article Link:
https://www.theverge.com/2022/5/22/23136871/hyundai-building-ev-battery-production-facilities-georgia

Article Text:

Hyundai is building EV and battery production facilities in Georgia
10
Creating 8,100 new jobs

By Emma Roth  Updated May 22, 2022, 5:31pm EDT

Hyundai is building facilities dedicated to manufacturing electric vehicles
(EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only
plant in the US (via CNBC). The South Korean automaker will spend $5.5
billion on the new facilities and will receive an additional $1 billion
investment from its suppliers.

Hyundai expects production at the 2,923-acre site to begin in the first
half of 2025, with construction starting in early 2023. The EV factory is
set to make 300,000 vehicles per year and will add around 8,100 new jobs.
Hyundai doesn’t specify which EV models will be manufactured at the plant —
it only hints at a “wide range” of models hitting Georgia’s assembly lines.
The company doesn’t reveal much about its battery-building facility either,
but notes it “will be established through a strategic partnership.”

Hyundai’s EV lineup currently consists of the Kona Electric, Ioniq 5, and
the hydrogen fuel cell-powered Nexo. The Hyundai-owned Kia also sells the
all-electric EV6 and Niro, while Hyundai’s luxury Genesis brand includes
the GV60, GV70, and GV80 EVs. Hyundai Global COO José Muñoz told Automotive
News that up to six models will be produced at the new facilities by 2028.
A source with knowledge of the situation also told the outlet that
production could begin with the Hyundai Ioniq and later expand to include a
not-yet-announced Kia EV pickup in 2026.

“The future of transportation is in the Peach State as we announce the
largest project in our state’s history — delivering high-quality jobs on
the leading edge of mobility to hardworking Georgians,” Georgia Governor
Brian Kemp said in a statement.

In addition to the new facilities in Georgia, Hyundai has announced that it
plans on investing more than $10 billion in the US by 2025 to develop
various technologies, including autonomous driving, robotics, AI, and
advanced air mobility. Part of that fund includes the $5.5 billion
dedicated to its new EV plant.

Earlier this month, the state of Georgia struck a deal with Rivian,
offering $1.5 billion in tax incentives to bring the company to the state.
The $5 billion factory is expected to create about 7,500 jobs by 2028, and
will produce 400,000 EVs every year.

Other EV factories are popping up elsewhere in the country. Toyota is
building a $1.29 billion battery factory in North Carolina, and GM plans on
bringing its third EV battery factory to Michigan. Stellantis, the company
that owns Jeep, Dodge, and Chrysler, is also expected to build an EV
factory somewhere in the US, but the location has yet to be confirmed.
Similarly, Ford and South Korean battery maker SK Innovation are bringing
new EV-focused factories to Tennessee and Kentucky. Tesla already has
several factories dedicated to producing batteries and EVs in the US, and
just opened another in Austin, Texas last month.

Update May 22nd, 5:30PM ET: Updated to add an additional announcement from
Hyundai.
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