Atlanta – The Hyundai Motor Group group confirmed on Thursday that it is advancing with plans previously announced to expand its factory in Georgia, just weeks after the Migration Rand. It was late for startup From the electric vehicle battery factory on the site.
As part of a broader investment strategy, Hyundai said it will spend $ 2.7 billion to increase the productive capacity of ELLALLLLL by 200,000 over the next three years, to a total of 500,000 vehicles annually.
Company Declared for the first time the expansion In March at the large opening of the factory, west of Safana, he said in August that he would invest an additional $ 5 billion in the United States in general. But the raid, which included more arrests than 300 citizens from South Korea,, Leading to Questions about wisdom From the Asian nation that invests in the United States.
The company said that it is now planning to produce 10 models of electric electricity and hybrid vehicles in Georgia, from the current two, the factory was collected during the intensification of production. Hyundai says it is still on the right path to expand production all over the world to 5.6 million cars annually by 2030. The auto company has pledged that 60 % of these vehicles will be electric or hybrid, and target sales in South Korea, North America and Europe.
Hyundai said it plans to make more than 80 % of vehicles sold in the United States locally by 2030, with a total local content increased from 60 % to 80 %. For the first time, vehicles will include medium -sized pick -up truck, a major class in the American market. The company is already manufacturing the Santa Cruz model, which is a four -door Beck August, which started selling in 2021.
The CEO of Hyundai, Jose Montes, said that the immigration raid will delay the opening of the battery factory for at least three months. Michael Stewart spokesman said on Thursday that the facility would open in the first half of 2026.
Hyundai executives and Georgia officials have been trying to calm the situation since the raid, which has entered into a diplomatic dispute between South Korea and the United States.
Republican ruler Brian Kemp Reporters told Tuesday at a ceremony specifying the return on the Rivian electric cars factory that he is still confident of the advantages of working in Georgia, “You will win” in terms of foreign investment. He said that the raid may finish homing the road for South Korea employees to obtain legal permission more easily to help build and operate establishments in the United States.
“Good conversations have been held with companies that are doing commercial business in Georgia, companies that are looking for commercial businesses here,” Kembe said. “I have had good conversations with people at the White House on the visa issue.”
Brent Staps, chief administrative official at Ellabell, wrote in an opinion article published on Wednesday at Atlanta Journal-Condition that the company is still committed to Georgia.
“This position does not change our plans to continue expanding and resettlement in the United States,” Staps wrote. “Our investments in America are part of a long -term strategic plan.”
Stewart said that the investment of $ 2.7 billion, which was confirmed on Thursday, would go to expand the capacity in the factory and the group. He said that Hyundai and its subsidiaries on the site are currently 3,129 employees in Elabil.
Hyundai and its joint partner at the battery factory, LG energy solutionShe previously announced $ 12.6 billion of investments on the Georgia website, with pledges to employ at least 8,500 workers by the end of 2031. I promised 2.1 billion dollars In tax exemptions and other incentives.
The support on Ellabell is the largest Hyundai plan to increase production by 1.2 million cars annually all over the world. This includes 250,000 other Pion vehicles, India; And 200,000 others at the Hyundai electric car factory in Ulsan, South Korea. The auto company said it will also provide assembly parts in 250,000 additional cars in plants in the Kingdom of Saudi Arabia, Vietnam and North Africa.
Hyundai confirmed a previous announcement to deepen its investments in the robots and said that by 2027, the range electric cars with gasoline engines will be launched to extend the range of their electrical batteries to more than 600 miles (960 km).