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FILE - The 2024 Hyundai IONIQ 5 sits on display at the Chicago Auto Show, Thursday, Feb. 9, 2023, in Chicago. Hyundai Motor Group said Tuesday, June 18, 2024, that it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall. (AP Photo/Charles Rex Arbogast, File)

Hyundai to start manufacturing IONIQ 5 electric SUVs at new Georgia plant this fall

Hyundai Motor Group says it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall

By Ap News
Published - Jun 18, 2024, 09:41 AM ET
Last Updated - Jun 18, 2024, 10:00 AM EDT

SAVANNAH, Ga. (AP) — Hyundai Motor Group said Tuesday that it plans to begin manufacturing IONIQ 5 electric SUVs at its sprawling new plant in Georgia this fall.

It was the first time the South Korean automaker has identified which model of electric vehicle it will produce at its $7.6 billion EV and battery plant west of Savannah. The factory should begin operating in the fourth quarter, the company said in a news release, though it didn't specify which month.

“We are in the final phase of construction and are getting ready for the 2025 Hyundai IONIQ 5 to roll off the line," said Oscar Kwon, the new plant's CEO. “It’s the ideal vehicle for us to start production with.”

The plant was initially expected to open in 2025. But the company accelerated construction to take advantage of federal incentives that reward domestic production of EVs.

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