MONTGOMERY — Gov. Kay Ivey joined executives from Hyundai Mobis, one of the world’s largest auto suppliers, on Thursday to announce the company’s plans to invest $205 million to open an electric car battery factory in Montgomery that will eventually employ at least 400 people.
Once at full production, the 450,000-square-foot facility will be able to supply more than 200,000 EV batteries annually to the Hyundai Motor Manufacturing Alabama (HMMA) plant in Montgomery and the Kia Georgia plant.
“Alabama’s auto manufacturing industry is rapidly evolving to take advantage of the EV revolution sweeping the industry, and this new Hyundai Mobis battery plant represents another milestone in that transition.” Governor Ivey said. “We are excited about the company’s new investment and what it represents for the next chapter of automotive manufacturing in Alabama.”
Governor Ivey, Hyundai Mobis and HMMA leaders and local officials outlined details of the new facility at a ceremony Thursday morning in the Old House Hall of the Alabama State Capitol.
HS Oh, vice president of electric powertrain business for Hyundai Mobis, said the new EV battery assembly facility in Alabama will play a key role in the company’s plans to expand its manufacturing network worldwide.
“As the EV market continues to grow, a strong production capacity will be key for Hyundai Mobis to continue to grow in the market,” he said. “We believe this new facility in Montgomery will be an important step in that process, and we are excited to get the project underway.”
The EV battery factory will expand Hyundai Mobis’ already large presence in Montgomery.
Hyundai Mobis has operated an 83-acre manufacturing facility in Montgomery since 2002 as the largest Tier 1 supplier to HMAA and Kia Georgia. The plant supplies complete cockpit modules and front and rear undercarriage modules, as well as bumper and instrument panel assemblies, to auto racing.
“Hyundai Mobis Investment Project in Montgomery Reflects Acceleration of EV Supply Chain Development in Alabama Auto Industry,” said Alabama Department of Commerce Secretary Greg Canfield. “We will be a major production player in the EV market and that will drive further growth in the sector.”
Hyundai Mobis said construction on the new plant, located on the HMAA campus just off Interstate 65 in Montgomery, is expected to begin as early as December. Production of batteries for electric cars is expected to start in 2024.
Earlier this year, Hyundai announced plans to begin producing electric cars at its Montgomery plant through a $300 million investment that will create 200 jobs. Hyundai workers in Alabama will build the all-electric Genesis GV70 luxury SUV and the hybrid electric version of the Santa Fe SUV.
Hyundai Mobis’ growth plans will add a new dimension to Montgomery’s growing auto manufacturing cluster, local officials said.
“Montgomery and Hyundai Mobis have a strong partnership,” said Montgomery Mayor Steven Reed. “We look forward to continuing to strengthen this relationship in the coming years and working to support this tremendous investment. It is the continuation of the biggest year of economic development in the history of our city.
“Our commitment to our partnership with Hyundai Mobis continues to deepen and we are very honored by this significant investment,” added Montgomery County Commission Chairman Doug Singleton. “Together we are paving the way for success and opportunity in the River Region.”
“Partnerships and teamwork are key to this kind of economic growth and we are grateful for the impact this kind of investment will have on the entire region.” said Montgomery Chamber of Commerce President Cedric Campbell.
Hyundai Mobis, based in Seoul, South Korea, is a long-standing supplier partner of Hyundai Motor Co. and its affiliates Kia and Genesis. In addition to providing major component systems for car manufacturers, the company also offers aftermarket parts.