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Hyundai has tentative plans for a new EV plant in the U.S., and it could land in Georgia
South Korean automaker Hyundai is tentatively planning to build a new electric vehicle manufacturing facility in the United States, and it could land in Georgia, where Rivian is planning to build a manufacturing facility. Kia also operates one of the largest automotive production plants in the United States in Western Georgia.
Hyundai confirmed its plans to build an EV plant to Reuters yesterday but did not go into any additional details, including site negotiations or potential locations for the plant.
“We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage,” the company’s statement to Reuters said.
While Hyundai was unwilling to comment on potential locations or landing spots for its new EV plant, three individuals with knowledge of the matter said Georgia state officials have been in “advanced discussions” with the automaker. Details of Georgia or Hyundai’s potential investments with the plant are currently unknown, as well as potential employment figures and the plant’s projected costs.
Hyundai plans to use several new models to fuel its expansion in the United States. While the company is now offering the IONIQ 5, it also has plans to launch two new all-electric SUVs in the U.S. market in the coming years, including the IONIQ 7 and EV9, which are both designed for this region in particular. Hyundai plans to have 14 EV offerings by 2027, and 17 by 2030. Six of these will fall under the luxury Genesis brand.
Georgia would be an ideal location for Hyundai to land based on its strategic partnerships with suppliers. Hyundai’s battery partner SK Innovation recently completed two cell manufacturing plants in Georgia. One mostly supplies batteries for Volkswagen and kicked off production in Q1. Ford will receive some of the supply from the second facility when it begins manufacturing next year.
SK will supply battery cells for the IONIQ 7, a person with knowledge of the situation said in the report.
Georgia’s Economic Department declined to comment on the potential plans, stating it does not make statements regarding “speculation about economic development projects.”
Hyundai is attempting to expand its EV footprint in the United States, but it also has additional plans on a much more global scale. The company will launch six new battery-electric vehicles in India by 2028. Hyundai’s IONIQ 5, which has sold well, according to the company’s recent sales figures, has also captured several awards, including the Hispanic Motor Press EV of the Year for 2022, World Car of the Year at the New York Auto Show, and Cars.com’s Best EV for Families in 2022.
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Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
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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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Tesla highlights the Megapack site replacing Hawaii’s last coal plant
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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.
Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
Tesla Megapacks chosen for 548 MWh energy storage project in Japan
