Automotive Industry
Hyundai’s EV Factory Draws Three More Suppliers to Georgia
Investments from Hwashin, Hyundai Industrial Co. and Daechang Seat Corp. USA bring the Peach State an estimated $2.5 billion.
ELLABELL, GA—Hyundai Motor Group’s Georgia supplier list has grown longer this month, as three additional auto parts suppliers have announced plans to establish assembly plants in the state.
The global automaker’s subsidiary, Hyundai Industrial Co., is spending more than $24 million to acquire a building in Newnan, GA. The company plans to retrofit the facility to produce armrests and headrests for Hyundai’s $5.5 billion EV assembly plant under construction in Ellabell, as well as for other OEMs. The new factory is expected to create 100 jobs.
Another South Korean company, Hwashin, plans to establish a $176 million plant in Dublin, GA, creating more than 460 jobs. The Tier 1 supplier specializes in crafting chassis and body parts for Hyundai and its subsidiary Kia, as well as for other OEMs. Production is expected to begin in late 2025.
Lastly, Daechang Seat Corp. USA announced it is investing $72.5 million to build an assembly plant in Savannah, GA, creating more than 500 jobs. The company, which specializes in automotive seat frames, will join two other auto parts manufacturers, Seoyon E-HWA and PHA, at the Savannah Chatham Manufacturing Center.
The latest investments bring the Peach State an estimated $2.5 billion from a total of 14 suppliers. The growing EV network is also creating more than 6,000 jobs.
Additionally, Hyundai Motor Group invested more funds to increase its supplier network amid the ongoing construction of its EV manufacturing campus. In September, the automaker and LG Energy Solution invested an additional $2 billion toward the $4.3 billion of their joint battery cell manufacturing plant.
Production at the factory, which will be next to Hyundai’s manufacturing campus, is slated to begin at the end of 2025 with enough capacity to produce 300,000 EVs annually.
Hyundai broke ground on its manufacturing campus over a year ago and construction has recently begun on the company’s production-related buildings. The nearly 3,000-acre megasite will use renewable resources to power its mass production, which will help the automaker reach its goal of becoming carbon neutral by 2045.Looking for quick answers on assembly and manufacturing topics? Try Ask ASM, our new smart AI search tool. Ask ASM
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