Hyundai Opens $7.6 Billion EV Plant in Georgia, Announces Major Expansion

The facility will increase production capacity to 500,000 vehicles annually and is part of Hyundai’s $21 billion U.S. investment plan through 2028.

Hyundai's new Georgia EV plant, the largest economic development project in the state's history, is now operational, producing the Ioniq 5 and preparing to launch the Ioniq 9.
The plant's production capacity will expand from 300,000 to 500,000 vehicles annually, supported by advanced AI, robotics, and hydrogen fuel cell logistics technologies.
Hyundai's $21 billion U.S. investment plan includes $9 billion to boost production capacity across its brands and $6 billion for a new steel mill in Louisiana.
The Georgia facility has already attracted over $12.6 billion in total investments, including contributions from suppliers, and is expected to create 8,500 direct jobs by 2031.
Hyundai's investments align with U.S. policies promoting domestic EV production and sourcing, positioning the company as a key player in the growing EV market.