A $205 million EV battery module plant in Montgomery will supply more than 200,000 EV batteries annually to Hyundai Motor Manufacturing Alabama in Montgomery and the Kia Georgia plant.
The 450,000-square-foot facility for Hyundai Mobis would also create 400 jobs, Gov. Kay Ivey said today.
“Alabama’s auto manufacturing sector is evolving rapidly to capitalize on the EV revolution that is sweeping the industry, and this new Hyundai Mobis battery plant represents another milestone in that transition,” she said. “We’re excited about the company’s new investment and what it represents for the next chapter of automaking in Alabama.”
H.S. Oh, vice president of the electric powertrain business for Hyundai Mobis, said the new Alabama EV battery assembly facility will play a critical role in the company’s plans to expand its production network around the world.
“As the EV market continues to grow, having a strong production capacity will be key in allowing Hyundai Mobis to see continued growth in the market,” he said. “We believe this new facility in Montgomery will be an important step in that process, and we are excited for the project to be under way.”
Construction on the new facility, located at the Hyundai Motor Manufacturing Alabama campus off I-65 in Montgomery, is expected to begin as early as December, with production of EV battery assemblies projected to begin in 2024.
Earlier this year, Hyundai announced plans to begin EV production at its Montgomery manufacturing plant through a $300 million investment that will create 200 jobs. Hyundai’s Alabama workforce will produce the all-electric Genesis GV70 luxury SUV and a hybrid electric version of the Santa Fe SUV.
The 450,000-square-foot facility for Hyundai Mobis would also create 400 jobs, Gov. Kay Ivey said today.
“Alabama’s auto manufacturing sector is evolving rapidly to capitalize on the EV revolution that is sweeping the industry, and this new Hyundai Mobis battery plant represents another milestone in that transition,” she said. “We’re excited about the company’s new investment and what it represents for the next chapter of automaking in Alabama.”
H.S. Oh, vice president of the electric powertrain business for Hyundai Mobis, said the new Alabama EV battery assembly facility will play a critical role in the company’s plans to expand its production network around the world.
“As the EV market continues to grow, having a strong production capacity will be key in allowing Hyundai Mobis to see continued growth in the market,” he said. “We believe this new facility in Montgomery will be an important step in that process, and we are excited for the project to be under way.”
Construction on the new facility, located at the Hyundai Motor Manufacturing Alabama campus off I-65 in Montgomery, is expected to begin as early as December, with production of EV battery assemblies projected to begin in 2024.
Earlier this year, Hyundai announced plans to begin EV production at its Montgomery manufacturing plant through a $300 million investment that will create 200 jobs. Hyundai’s Alabama workforce will produce the all-electric Genesis GV70 luxury SUV and a hybrid electric version of the Santa Fe SUV.
