- The partnership will focus on sustainable mobility, hydrogen economy, and workforce development
- Hyundai Motor Group is investing more than $12 billion in EV manufacturing and battery production in Georgia
- Hyundai's economic impact in Georgia will be tens of billions of dollars in the years to come and will help create nearly 40,000 jobs
- Collaboration builds upon Hyundai Motor Group's long history in Georgia
ATLANTA, Sept. 19, 2023 /PRNewswire/ -- Georgia Tech and Hyundai Motor Group (the Group) today signed a memorandum of understanding 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 Group is investing $12.6 billion in new dedicated electric vehicle and battery manufacturing facilities in Georgia. This 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 close proximity of these facilities to Georgia Tech was an important consideration in choosing the locations.
This collaboration builds upon the Group's long history in Georgia. The Kia Georgia assembly plant began vehicle production in 2009 and was established under the leadership of Honorary Chairman Mong-Koo Chung and Executive Chair Euisun Chung. University System of Georgia Chancellor Sonny Perdue was Governor of Georgia at the time of the Kia plant opening and also attended today's ceremony.
Also, a recent study by the Center for Automotive Research reveals that Hyundai Motor's automotive operations contributed $20.1 billion and 190,000 jobs to the U.S. economy in 2021 alone. According to the study, Hyundai's investments in Georgia are expected to create nearly 40,000 jobs and $4.6 billion in individual earnings every year.
"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 ...