Hyundai Motor Group’s Metaplant America (HMGMA) in Georgia will likely boost its electric vehicle (EV) sales in the United States.
Hyundai Motor Group is investing $7.59 billion in HMGMA. The plant is estimated to generate 8,500 jobs directly. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. A study by the Center for Automotive Research estimated that Hyundai’s investments in Georgia will create about 40,000 jobs and result in $4.6 billion in individual earnings per year.
Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. The South Korean car manufacturer came in second to Tesla and beat top automakers like Ford and General Motors in the United States. Hyundai shared that its focus on affordable and compact electric vehicles helped its EV sales in the United States.
HMGMA could help Hyundai retain its spot as the second top-selling EV automaker in the United States. The Georgia-based plant would make Hyundai’s EVs more affordable as they would likely qualify for the Inflation Reduction Act’s (IRA) full $7,500 tax credits. HMGMA-produced electric vehicles will gain IRA points for being assembled in the United States and using locally produced battery cells from SK On.
Hyundai Motor Group announced that the official start of production at its Metaplant America has been moved up to the fourth quarter of 2024. Previously, the South Korean automaker estimated that the start of production at HMGMA would be in the first quarter of 2025. Now, it plans to hold a grand opening celebration by the first quarter of next year.
“2024 is going to be a great year for HMGMA. This is the largest economic development project in Georgia’s history, and we have been moving at a rapid speed. Completing a project of this scale on this timeline has been a challenge, but our team has delivered amazing results.
“We owe a lot of this to the hard work of our Meta Pros and the continued support and cooperation of our state and local partners, including the Savannah Harbor-Interstate 16 Joint Development Authority,” said Oscar Kwon, HMGMA President and CEO.
Hyundai made the announcement during an event that celebrated its positive impact on the State of Georgia. During the event, the General Assembly passed a Resolution, making February 26. 2024 Hyundai Day
“For decades, Hyundai Motor Group has been an incredible partner to our state, and we knew exactly what kind of historic benefits a project like this would bring to hardworking Georgians when we first began talks with HMG,” said Governor Brian Kemp.
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Tesla Megapacks chosen for 548 MWh energy storage project in Japan
Tesla plans to supply over 100 Megapack units to support a large stationary storage project in Japan, making it one of the country’s largest energy storage facilities.
Tesla’s Megapack grid-scale batteries have been selected to back an energy storage project in Japan, coming as the latest of the company’s continued deployment of the hardware.
As detailed in a report from Nikkei this week, Tesla plans to supply 142 Megapack units to support a 548 MWh storage project in Japan, set to become one of the country’s largest energy storage facilities. The project is being overseen by financial firm Orix, and it will be located at a facility Maibara in central Japan’s Shiga prefecture, and it aims to come online in early 2027.
The deal is just the latest of several Megapack deployments over the past few years, as the company continues to ramp production of the units. Tesla currently produces the Megapack at a facility in Lathrop, California, though the company also recently completed construction on its second so-called “Megafactory” in Shanghai China and is expected to begin production in the coming weeks.
READ MORE ON TESLA MEGAPACKS: Tesla Megapacks help power battery supplier Panasonic’s Kyoto test site
Tesla’s production of the Megapack has been ramping up at the Lathrop facility since initially opening in 2022, and both this site and the Shanghai Megafactory are aiming to eventually reach a volume production of 10,000 Megapack units per year. The company surpassed its 10,000th Megapack unit produced at Lathrop in November.
During Tesla’s Q4 earnings call last week, CEO Elon Musk also said that the company is looking to construct a third Megafactory, though he did not disclose where.
Last year, Tesla Energy also had record deployments of its Megapack and Powerwall home batteries with a total of 31.4 GWh of energy products deployed for a 114-percent increase from 2023.
Other recently deployed or announced Megapack projects include a massive 600 MW/1,600 MWh facility in Melbourne, a 75 MW/300 MWh energy storage site in Belgium, and a 228 MW/912 MWh storage project in Chile, along with many others still.
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Elon Musk responds to Ontario canceling $100M Starlink deal amid tariff drama
Ontario Premier Doug Ford said, opens new tab on February 3 that he was “ripping up” his province’s CA$100 million agreement with Starlink in response to the U.S. imposing tariffs on Canadian goods.
Elon Musk company SpaceX is set to lose a $100 million deal with the Canadian province of Ontario following a response to the Trump administration’s decision to apply 25 percent tariffs to the country.
Starlink, a satellite-based internet service launched by the Musk entity SpaceX, will lose a $100 million deal it had with Ontario, Premier Doug Ford announced today.
Starting today and until U.S. tariffs are removed, Ontario is banning American companies from provincial contracts.
Every year, the Ontario government and its agencies spend $30 billion on procurement, alongside our $200 billion plan to build Ontario. U.S.-based businesses will…
— Doug Ford (@fordnation) February 3, 2025
Ford said on X today that Ontario is banning American companies from provincial contracts:
“We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy. Canada didn’t start this fight with the U.S., but you better believe we’re ready to win it.”
It is a blow to the citizens of the province more than anything, as the Starlink internet constellation has provided people in rural areas across the globe stable and reliable access for several years.
Musk responded in simple terms, stating, “Oh well.”
Oh well https://t.co/1jpMu55T6s
— Elon Musk (@elonmusk) February 3, 2025
It seems Musk is less than enthused about the fact that Starlink is being eliminated from the province, but it does not seem like all that big of a blow either.
As previously mentioned, this impacts citizens more than Starlink itself, which has established itself as a main player in reliable internet access. Starlink has signed several contracts with various airlines and maritime companies.
It is also expanding to new territories across the globe on an almost daily basis.
With Mexico already working to avoid the tariff situation with the United States, it will be interesting to see if Canada does the same.
The two have shared a pleasant relationship, but President Trump is putting his foot down in terms of what comes across the border, which could impact Americans in the short term.
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Tesla Megapacks chosen for 548 MWh energy storage project in Japan
