Hyundai Motor Group is investing more than $12 billion in EV manufacturing and battery production in Georgia
20 Sep 2023 | 2166 Views | By Autocar Professional Bureau
Georgia Tech and Hyundai Motor Group (the Group) today signed an MoU to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation.
The Hyundai Motor Group ...
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Georgia Tech and Hyundai Motor Group (the Group) today signed an MoU to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation.
The Hyundai Motor Group Group is investing $12.6 billion in new dedicated electric vehicle and battery manufacturing facilities in Georgia. The investment includes the $7.59 billion Hyundai Motor Group Metaplant America (HMGMA) site in Bryan County, Georgia that will create more than 8,500 direct jobs and the $5 billion battery manufacturing facility joint venture with SK On in Bartow County, Georgia that will employ approximately 3,500 people. The proximity of these facilities to Georgia Tech was one of the important considerations in deciding their locations.
The collaboration with Georgia Tech builds upon the Group’s long history in Georgia. The Kia Georgia’s West Point assembly plant, established under the leadership of Honorary Chairman Mong-Koo Chung and Executive Chair Euisun Chung, began vehicle production in 2009. University System of Georgia Chancellor Sonny Perdue, participating in the HMG-Georgia Tech MOU ceremony, was the Governor of Georgia at the time of the Kia Georgia plant’s opening.
“Like Georgia Tech, Hyundai is a global brand that is synonymous with quality, innovation, and a commitment to advancing technology to make a positive difference in the world. The more we have gotten to know each other, the more obvious the alignment of our values has become,” said Georgia Tech President Ángel Cabrera. “I am grateful for the transformative investments Hyundai is making in our state, and I am proud that the Hyundai brand will feature prominently on our campus. I look forward to working with Hyundai leaders to deepen our partnership as we work to develop exceptional leaders and produce new ideas that will shape the automotive industry and advance mobility in the future.”
“Georgia is like a second home to us,” said Jay Chang, President and CEO, Hyundai Motor Company. “We are a mission-driven organization with a very compelling point of view about the future. We feel a great responsibility to contribute to a sustainable future where all humankind can have a safe and healthy life while enjoying freedom of movement.”
KEY FOCUS AREAS OF THE PARTNERSHIP
Research and Innovation: Hyundai will collaborate with Georgia Tech on joint research and development programs focused on the future of sustainable mobility, including battery technology, and expanding the hydrogen economy.
Workforce Development: Georgia Tech and Hyundai will create technical training and leadership development programming for Hyundai employees and initiate engagement activities to stimulate interest in STEM degrees among students.
Student Engagement: Hyundai will actively participate in career recruitment events at Georgia Tech and will create learning programs for both undergrad and graduate students.