Photo: Hyundai
Once viewed as a cheaper alternative to Japanese brands, Hyundai has evolved rather nicely in the past few years. When Tony Fadell, father of the Apple iPod and iPhone co-creator, says that the Ioniq 5 is “pretty damn cool for the price point,” it looks like Hyundai is doing it right.
The South Korean conglomerate from Seoul cannot sustain this growth without cutting a few expenses here and some other expenses there. Hyundai reorganized its powertrain development group into an electrification development group to prepare for the all-electric future, which is due to arrive in 2025 as far as Norway is concerned. Executive Order 14057 mandates that all new privately-owned light duty vehicles sold in the United States of America be 100 percent zero emissions by 2035.
The U.S.A. is a tremendously large market for Hyundai, which is why the South Korean conglomerate will invest a ton of money into an EV-making factory in Georgia. The so-called Hyundai Motor Group Metaplant America will be online in early 2025, and given the “Group” in “Hyundai Motor Group,” it’s pretty obvious that Kia and Genesis will also use this factory.
During the groundbreaking ceremony, the South Koreans confirmed an investment of 5.54 billion dollars. HMGMA will create more than 8,100 jobs in the next few years, with Hyundai aiming to establish a stable supply chain for batteries and other EV-specific bits and bobs in the U.S.A.
“Hyundai and the people of Georgia share many qualities: respect for our histories, ingenuity, creativity, and determination to make the world better for the next generation,” declared executive chair Euisun Chung. “Today, our electric vehicles are recognized as best in class, and with this partnership, we are determined to be the global leader in electrification, safety, quality, and sustainability. With Metaplant America, we will continue to evolve beyond an automaker to the world’s leading mobility solutions provider.”
The U.S.A. is a tremendously large market for Hyundai, which is why the South Korean conglomerate will invest a ton of money into an EV-making factory in Georgia. The so-called Hyundai Motor Group Metaplant America will be online in early 2025, and given the “Group” in “Hyundai Motor Group,” it’s pretty obvious that Kia and Genesis will also use this factory.
During the groundbreaking ceremony, the South Koreans confirmed an investment of 5.54 billion dollars. HMGMA will create more than 8,100 jobs in the next few years, with Hyundai aiming to establish a stable supply chain for batteries and other EV-specific bits and bobs in the U.S.A.
“Hyundai and the people of Georgia share many qualities: respect for our histories, ingenuity, creativity, and determination to make the world better for the next generation,” declared executive chair Euisun Chung. “Today, our electric vehicles are recognized as best in class, and with this partnership, we are determined to be the global leader in electrification, safety, quality, and sustainability. With Metaplant America, we will continue to evolve beyond an automaker to the world’s leading mobility solutions provider.”
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