Company's first fully dedicated electric
vehicle and battery manufacturing facility to bring 8,100
jobs and $5.54 billion investment to
state
ATLANTA , May 20, 2022
/PRNewswire/ -- Georgia Power today joined with Governor
Brian Kemp and the Georgia
Department of Economic Development to celebrate the decision by
Hyundai Motor Group to open its first fully dedicated electric
vehicle (EV) and battery manufacturing facility in the State of Georgia. The new state-of-the-art
U.S. smart factory will be located at the more than 2,900-acre
Bryan County Megasite, representing a $5.54
billion investment by Hyundai Motor Group, with
non-affiliated Hyundai suppliers expected to invest approximately
another $1 billion in the project,
delivering approximately 8,100 new jobs to Georgia's coastal region.
Headquartered in Seoul, Korea,
Hyundai Motor Group employs 250,000 people worldwide, with vehicles
sold in 193 countries through 5,000 dealerships and showrooms.
"Coastal Georgia continues to grow and thrive, with the positive
impact of the Port of Savannah
felt every day in every community in the region. Today's
announcement in Bryan County is
historic for our state, and only possible thanks to the foresight
of state and local leaders who recognized the opportunity to create
a megasite that could offer unmatched opportunity for an
innovative, international manufacturer like Hyundai Motor Group,"
said Chris Womack, chairman,
president, and CEO of Georgia Power, who also serves on the Georgia
Ports Authority Board. "On behalf of Georgia Power, we welcome
Hyundai Motor Group to Georgia
today."
At the new Georgia highly
connected, automated, and flexible EV smart factory, Hyundai Motor
Group plans to produce a diverse range of innovative full electric
vehicles. Through the battery manufacturing facility, Hyundai Motor
Group also aims to establish a stable supply chain for EV battery
and other EV components in the U.S. market.
Georgia's evolving
automotive industry
To date, Georgia is home to more than 200
automotive-related facilities that contribute more than
$3 billion annually to the state's
economy. In 2021, Georgia boasted
977,000 workers to support these operations and facilities.
Additionally, the state's growing EV and battery production
industry created 13,200 new jobs and $8
billion in new capital investment before Hyundai Motor
Group's announcement.
Georgia is recognized as a
leader in electric transportation and is near the top in the nation
for EV customer adoption and EV charging with thousands of
connections available across the state. Georgia Power also
continues to support the State of
Georgia in proactive efforts to attract multibillion-dollar
companies involved in the production, recycling, and development of
the auto manufacturing industry and EV supply chain and original
equipment manufacturers (OEMs) throughout the state and region
continue to shift their product lines to keep up with the
increasing production of EVs.
"As more and more Georgians choose to drive electric, there is
no better market in the country for auto manufacturers, supplier
companies, and leaders in technology to collaborate and create the
future of the EV marketplace. We look forward to continuing to work
with partners across our state to build the infrastructure
necessary to advance the electric transportation ecosystem here in
Georgia," added Womack.
Georgia Power also recently partnered with the University of Georgia's College of Engineering to
create an e-Mobility Certificate program. With elements of
engineering, public policy, public health, and business acumen,
this new program will prepare Georgia's workforce for an electrified
transportation future. The company is also working closely with
design students at Georgia Tech to
evaluate the environmental benefits and future workforce
opportunities of transportation electrification.
In 2021, Georgia Power joined Southern Company and utilities
across the South, Midwest, Gulf Coast, Central Plains and
mid-Atlantic to enable EV drivers' seamless travel through a
coordinated network of charging stations. The Electric Highway
Coalition will enable increased charging options along major
highway routes from Texas to
Washington, DC to provide easier
access to EV options for drivers.
For more information about the benefits of electric
transportation and how Georgia Power is leading the way in charging
capabilities across the state, visit www.GeorgiaPower.com/ET.
About Georgia Power
Georgia Power is the largest
electric subsidiary of Southern Company (NYSE: SO), America's
premier energy company. Value, Reliability, Customer Service and
Stewardship are the cornerstones of the company's promise to 2.7
million customers in all but four of Georgia's 159 counties. Committed to
delivering clean, safe, reliable and affordable energy at rates
below the national average, Georgia Power maintains a diverse,
innovative generation mix that includes nuclear, coal and natural
gas, as well as renewables such as solar, hydroelectric and wind.
Georgia Power focuses on delivering world-class service to its
customers every day and the company is recognized by J.D. Power as
an industry leader in customer satisfaction. For more information,
visit www.GeorgiaPower.com and connect with the company on
Facebook (Facebook.com/Georgia Power), Twitter
(Twitter.com/GeorgiaPower) and Instagram
(Instagram.com/ga_power).
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SOURCE Georgia Power