The South Korean auto company confirmed the plan, but declined to provide details, including information about negotiating the plant’s construction site.
“We are excited to announce plans for a new EV factory in the United States soon, but we have no details to share at this stage,” Hyundai said in a statement.
Hyundai has continued discussions with the authorities to build a dedicated EV factory in Georgia, United States.
Details regarding the investment, including costs, as well as the number of workers expected to be required in the plan, have not been disclosed by Hyundai.
The Georgia State Department of Economics also declined to comment on plans to build Hyundai’s new EV factory.
“We do not comment on speculation about economic development projects,” said a spokesman for the department.
The announcement of Hyundai’s new plant construction comes as the Joe Biden government is pushing for investment in EV projects and related suppliers, to create jobs and push forward a clean energy agenda.
Hyundai’s plan also marks a major economic development win for Georgia, which has established itself as a regional hub for the burgeoning EV industry.
The Atlanta Journal-Constitution reported that Hyundai could employ about 8,500 workers, as part of its plans to build a new factory.
According to the Atlanta Journal-Constitution, Hyundai’s new plant could be located on more than 2,200 acres of land, which Georgian authorities have previously proposed to other automakers including Rivian, Volvo and Jaguar Land Rover.
Meanwhile, KIA plans to launch 14 EVs by 2027, while Hyundai will launch 17 EVs by 2030, including six vehicles for its luxury Genesis brand.
Hyundai battery supplier SK Innovation battery units SK On has just built two factories in Georgia. The first plant, which mainly supplies Volkswagen, started production in this first quarter.
The second factory, which supplies batteries to Ford Motor Co., will start production early next year. SK On will also supply batteries for the Hyundai vehicle model, the Ioniq 7.