Hyundai's new $7.6 billion EV mega factory outside of Savannah, Georgia, is state-of-the-art facility that it hopes will help it compete with Tesla and GM

The Hyundai Motor Group Metaplant America, a $7.6 billion facility near Savannah, Georgia, opened in March and aims to produce 500,000 EVs and Hybrids per year. This advanced factory will serve as a crucial production site not just for Hyundai, but also for its luxury brand Genesis and sister company Kia. Genesis North America COO Tedros Mengiste hailed the investment as a testament to Hyundai's long-term strategic vision, showcasing their commitment to innovative manufacturing through the use of advanced technology and autonomous robotics.

The $7.6 billion Hyundai Motor Group Metaplant America, or HMGMA, is one of the newest and most technologically advanced car factories in the world.

Genesis North America COO Tedros Mengiste cited the investment as an example of Hyundai's track record for 'visionary and strategic, and long-term thinking.'

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