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Governor Ivey, leaders of Hyundai Mobis and HMMA, and native officers outlined particulars concerning the new facility at a proper announcement ceremony this morning within the Outdated Home Chambers on the Alabama State Capitol.
H.S. Oh, vice chairman of the electrical powertrain enterprise for Hyundai Mobis, mentioned the brand new Alabama EV battery meeting facility will play a crucial position within the firm’s plans to develop its manufacturing community throughout the globe.
“Because the EV market continues to develop, having a robust manufacturing capability will probably be key in permitting Hyundai Mobis to see continued development out there,” he mentioned.
“We imagine this new facility in Montgomery will probably be an essential step in that course of, and we’re excited for the challenge to be below means.”
GROWTH PLANS
The EV battery module plant will develop Hyundai Mobis’ already massive presence in Montgomery.
Hyundai Mobis has operated a manufacturing facility on 83 acres in Montgomery since 2002 as the most important Tier 1 provider to HMAA and Kia Georgia. The plant provides the auto crops with full cockpit modules and entrance and rear chassis modules, in addition to bumper assemblies and instrument panels.
“Hyundai Mobis’ funding challenge in Montgomery displays an acceleration within the improvement of the EV provide chain in Alabama’s auto business,” mentioned Greg Canfield, Secretary of the Alabama Division of Commerce.
“We’re going to be a significant manufacturing participant within the EV market, and that’s going to set off extra development throughout the sector.”
Hyundai Mobis mentioned building on the brand new facility, positioned on the HMAA campus simply off Interstate 65 in Montgomery, is predicted to start as early as December.
Manufacturing of EV battery assemblies is projected to start in 2024.
Earlier this yr, Hyundai introduced plans to begin EV production at its Montgomery manufacturing plant via a $300 million funding that may create 200 jobs. Hyundai’s Alabama workforce will produce the all-electric Genesis GV70 luxurious SUV and a hybrid electrical model of the Santa Fe SUV.
LOCAL IMPACT
Montgomery leaders mentioned Hyundai Mobis’ development plans will add new dimension to the areas’s rising automotive manufacturing cluster.
“Montgomery and Hyundai Mobis have a robust partnership,” Mayor Steven Reed mentioned. “We sit up for persevering with to strengthen this relationship within the coming years and dealing to help this super funding. This can be a continuation of the largest yr for financial improvement within the historical past of our metropolis.”
“Our dedication to our partnership with Hyundai Mobis continues to deepen, and we’re so honored by this important funding,” added Montgomery County Fee Chairman Doug Singleton. “Collectively, we’re charting the course for fulfillment and alternative within the River Area.”
“Partnership and teamwork are key to this sort of financial development, and we’re grateful for the impression this sort of funding could have on your complete area,” mentioned Cedric Campbell, chair of the Montgomery Chamber.
Seoul, South Korean-based Hyundai Mobis is a longtime provide associate for Hyundai Motor Co. and its Kia and Genesis associates. Apart from offering main part methods for the automakers, the corporate additionally presents after-service components.
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