Hyundai Building $7.6 Billion Georgia EV Plant, Projected to Create 14,500 Jobs in State's Largest Economic Development

Hyundai is building its first US EV plant in Georgia, with production starting in 2025. The $7.6 billion facility will have capacity to make 300,000 EVs per year.

Construction is progressing rapidly, with over 2,000 workers on site each week. The steel structure is over 80% complete after 1 year.

The plant will employ 8,500 workers. Suppliers opening nearby are expected to create another 6,000 jobs, making it the largest economic development project in Georgia's history.

Hyundai received $2.1 billion in tax breaks and incentives from state and local governments to build the plant in Georgia.

The plant will manufacture EVs as well as produce batteries through a partnership between Hyundai and LG Energy Solution.