Georgia Tech and Hyundai Motor Group sign MoU for collaboration on sustainable mobility, hydrogen economy, and workforce development
Georgia Tech and Hyundai Motor Group (the Group) signed a memorandum of understanding (MoU) to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation.
The Group is investing $12.6 billion in new dedicated electric vehicle and battery manufacturing facilities in Georgia. This includes the $7.59-billion Hyundai Motor Group Metaplant America (HMGMA) site in Bryan County, Georgia that will create more than 8,500 direct jobs, and the $5-billion battery manufacturing facility joint venture with SK On in Bartow County, Georgia that will employ approximately 3,500 people. The close proximity of these facilities to Georgia Tech was an important consideration in choosing the locations.
This collaboration builds upon the Group’s history in Georgia. The Kia Georgia assembly plant began vehicle production in 2009 and was established under the leadership of Honorary Chairman Mong-Koo Chung and Executive Chair Euisun Chung. University System of Georgia Chancellor Sonny Perdue was Governor of Georgia at the time of the Kia plant opening and also attended today’s ceremony.
A recent study by the Center for Automotive Research found that Hyundai Motor’s automotive operations contributed $20.1 billion and 190,000 jobs to the US economy in 2021 alone. According to the study, Hyundai’s investments in Georgia are expected to create nearly 40,000 jobs and $4.6 billion in individual earnings every year.
The elements of the Georgia Tech and Hyundai partnership include:
Research and Innovation: Hyundai will collaborate with Georgia Tech on joint research and development programs focused on the future of sustainable mobility, including battery technology and expanding the hydrogen economy.
Workforce Development: Georgia Tech and Hyundai will create technical training and leadership development programming for Hyundai employees and initiate engagement activities to stimulate interest in STEM degrees among students.
<Student Engagement: Hyundai will actively participate in career recruitment events at Georgia Tech and will create learning programs for both undergrad and graduate students./p>
Hyundai’s partnership with Georgia Tech also includes field-naming recognition at Bobby Dodd Stadium, which is now known as Bobby Dodd Stadium at Hyundai Field.
The benefits of the partnership for Georgia Tech and the state of Georgia include:
A pathway for Georgia Tech to meet its stated goal of expanding its stature as a leading research entity in the electrification of the automotive industry through its world-class hydrogen research.
An opportunity for Georgia Tech to more broadly contribute to the state of Georgia’s commitment as a hub for the production of electric vehicles.
New revenue for Georgia Tech Athletics.