Hyundai Motor Group is laying down deeper roots in the U.S. The automaker's Hyundai, Genesis and Kia brands are localizing their planned electric vehicle production while they continue to battle for market share with their roster of crossovers.
The group has committed $5.5 billion to build an EV and battery plant outside Savannah, Ga., called the Metaplant, which is under construction and expected to open in January 2025. This year the company said it will partner with LG Energy Solution for onsite battery assembly.
Six models are planned for the plant, which has a capacity to build 300,000 EVs a year and the ability to produce up to 500,000, depending on demand. Three of those models are likely to be Genesis vehicles. Production of the Ioniq 7, Hyundai's three-row electric kid hauler, could also move to Georgia. In late 2026, both Kia and Hyundai are expected to launch midsize electric pickups geared toward the U.S. market; both could be candidates for Metaplant assembly.