Georgia Tech and Hyundai Motor Group Sign MoU for Future Mobility Collaboration
20 September 2023
Georgia Tech and Hyundai Motor Group have entered into a memorandum of understanding (MOU) to collaborate on various research and applications related to sustainable mobility. This collaboration will focus on areas such as developing a hydrogen economy, workforce development, and creating smarter and more sustainable cities.
The Hyundai Motor Group is making significant investments in Georgia, including the establishment of dedicated electric vehicle and battery manufacturing facilities. This includes the Hyundai Motor Group Metaplant America (HMGMA) site in Bryan County, Georgia, with an investment of $7.59 billion and the battery manufacturing facility joint venture with SK On in Bartow County, Georgia, with a $5 billion investment.
These facilities are expected to create thousands of jobs and contribute significantly to the local economy. The collaboration with Georgia Tech was influenced by the proximity of these manufacturing sites to the university.
Georgia Tech President Ángel Cabrera expressed enthusiasm for the partnership, highlighting the alignment of values between Georgia Tech and Hyundai. He also acknowledged the transformative investments Hyundai is making in the state and the potential for the partnership to shape the automotive industry and advance mobility.
This collaboration between Georgia Tech and Hyundai Motor Group reflects a commitment to sustainable and innovative solutions for the future of mobility.