Hyundai’s $7.6 billion EV plant in Georgia gained its 18th supplier as the automaker builds an extensive US supply chain. The plant, slated to open as early as next month, will produce US-made Hyundai electric vehicles, starting with its updated 2025 IONIQ 5.
Hyundai’s Georgia EV plant attracts its 18th supplier
Georgia Governor Brian Kemp announced that Shinsung Petrochemical will invest $11.2 million in a new manufacturing facility in Toombs County.
Shinsung, a leading auto sealant company, will be a key supplier for Hyundai’s new Metaplant in Bryan County.
“We are excited that Shinsung is joining that growing network of suppliers locating in rural communities,” Kemp said. The new facility, scheduled to open in 2025, will be the first in Toombs County, creating over 30 new jobs.
The company is the 18th supplier to invest in Hyundai’s new Georgia EV plant. Hyundai is investing $7.6 billion to develop the facility, directly creating 8,500 jobs in the state.
Another $5 billion EV battery plant with SK On is being built in Bartow County, GA, creating an additional 3,500 positions.
EVs are creating jobs and attracting investments in GA
Since 2018, Georgia has attracted over $28 billion in investments to build electric vehicles, batteries, and other clean energy initiatives. The funding has already attracted over 36,000 new jobs.
According to a recent Center for Automotive Research study, Hyundai’s plant will create more than 58,200 new jobs while attracting over $12.6 billion in investments in Georgia.
Hyundai will open the new facility as early as October. The first model to roll off the assembly line will be the updated 2025 IONIQ 5, which will have more range, a sleek new design, and a Tesla NACS charging port. Hyundai will also launch its first three-row electric SUV, the IONIQ 9, which will also be built at the facility.
Although initially, vehicles built at the facility will only be eligible for a partial $3,750 tax credit, Hyundai expects its US-made EVs to qualify for the full $7,500 once the battery unit comes online.
Hyundai’s 2025 IONIQ 5 gained a new XRT variant for those looking to “play in the dirt and have all-electric adventures.”
2025 Hyundai IONIQ 5 powertrain | Trim | 2024MY Range | New Range (Targeted) |
AWD | Limited SE/SEL XRT | 260 miles 260 miles N/A | +250 to +280 miles |
RWD | SE/ SEL/ Limited Se Standard Range | 303 miles 220 miles | +310 miles +240 miles |
The rugged trim adds “XRT-exclusive” front and rear bumpers, side skirts, and other aggressive design elements.
After topping Ford and GM in US electric vehicle sales in the second quarter, Hyundai Motor (including Kia) looks to establish its position for the future. According to Motor Intelligence, Hyundai and Kia accounted for 10% of US electric vehicle sales in Q2, outpacing Ford (7.4%) and GM (6.3%).
With US production and advanced new EVs on the way, Hyundai wants an even bigger share of the market.
Source: Georgia Governor Brian Kemp, The Atlanta Journal-Constitution
FTC: We use income earning auto affiliate links. More.
Comments