Overview

• 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.