
Coming to streets near you: Hyundai's made-in-Georgia, all-electric SUV
Hyundai had yet to announce what models it would build at what would become the Metaplant, so locals flocked to the open house in search of hints. The centerpiece display showcased an all-electric SUV, a concept car known as SEVEN.
Last week, the SEVEN's production model, the IONIQ 9, made its debut on Savannah-area roadways in a preview event for automotive journalists from around the world. The IONIQ 9aims to fill an underserved niche within the company's electric vehicle fleet - a three-row SUV.
As trade journalists tested the EVs and stopped them at photogenic and video-friendly spots - the downtown historic district, the Tybee Island beach, marsh-side avenues draped in Spanish moss - they were met by Savannahians curious about the cars.
Chad Kirchner, who operates the EV news website Destinationcharged.com, was approached repeatedly while testing the IONIQ 9's charger attachments at a Tesla supercharger location in the Savannah suburb of Pooler. Most inquired about whether the model was built at the new factory.
"People seemed genuinely excited," he said. "I've never been approached like that at a charging station before in any new car. Doing what I do, I get some attention. But this was next level and exciting."
The public reaction is similar to when local residents see products made by the region's other two large-scale equipment makers, the business jet manufacturer Gulfstream and heavy equipment builder JCB.
If sales go as planned, though, IONIQ 9s will be more frequently spotted than luxury private jets, backhoes and skid-steer loaders.
Hyundai is the first auto manufacturer to open a Savannah-area facility - potentially a jolt for the economy here if EV sales continue to accelerate and the South Korean company successfully navigates Trump administration tariffs on auto parts.
Seeing a bright future
The IONIQ 9 is now available for sale in limited quantities and is the flagship model for Hyundai's IONIQ line, which includes the automaker's bestselling EV, the IONIQ 5, a compact crossover.
Those two models are being produced at the assembly plant 30 minutes west of Savannah along I-16. The factory, the largest economic development project in state history, opened in October with a limited production schedule. IONIQ 9 manufacturing began earlier this year and all models for domestic sale will be made in Savannah.
At full buildout, the Metaplant will have a production capacity of 500,000 vehicles annually and manufacture multiple EV and hybrid car models for Hyundai and its sister brands Kia and Genesis.
Hyundai has yet to detail its ramp-up plans, although the automaker is confident recent sales growth will continue. Hyundai U.S. sales are up 33% over the last six years, with EVs making up 26% of the automaker's business. In the first three months of 2025, Hyundai sold 42% more EVs than during the same period in 2024. March was the second-highest sales month in company history.
Hyundai has announced a goal of introducing 23 new EV models and manufacturing 1.44 million battery-powered cars annually by 2030, with the Georgia factory as the epicenter of U.S. production. All EVs currently rolling off the Savannah assembly line are for domestic sale.
As part of a $2.1 billion state incentives package, Hyundai is committed to employing 8,500 workers on the $7.59 billion Metaplant manufacturing campus by 2031.
In addition to the 2,600-worker car assembly facility, the site includes a 3,000-employee EV battery factory to open in 2026, a state-run Georgia QuickStart training center, a logistics supplier known as Hyundai Glovis and two major manufacturing partners. One, Hyundai Transys, builds seats while the other, Hyundai Mobis, consolidates parts into modules, including the passenger compartment, that streamline the assembly process.
Why Savannah made sense
Automakers typically stage what is known in the industry as a "drive" event in locales with varied terrain, better to showcase a new vehicle's performance. But Hyundai chose Savannah for the IONIQ 9 drive to show off the new factory to the automotive journalists.
The Metaplant is a next-generation manufacturing facility using hundreds of robots in highly automated processes as well as self-propelled dollies that use GPS and motion sensors to navigate partially assembled EVs around the factory floor. The assembly plant tour left the journalists wowed and set up the afternoon-long test drives.
Larger vehicles designed for families is a mostly untapped market for EV buyers that Hyundai is aiming to capture, said Kevin Ketels, an assistant professor of global supply chain management at Wayne State University.
"The fact that they're an early entrant into the marketplace is good news for them," Ketels said.
The IONIQ 9 is priced from $60,555 for the basic trim to $76,590 for the fully loaded version, the IONIQ 9 Calligraphy Design. The EV is offered in nine paint colors and three interior colors.
Georgia has emerged as Hyundai's home base for American-made, three-row electric SUVs. Kia, a Hyundai subsidiary that operates a plant in West Point, recently underwent a factory expansion to produce its three-row electric SUV model called the EV9.
With the Trump administration's tariffs shaking the global trading landscape,Ketels added that it'll be important for Hyundai to try to source as many of its vehicle parts from North Americaand comply with the U.S.-Mexico-Canada Agreement, known as USMCA.
The IONIQ 5 sources its batteries from a Commerce battery factory and meets federal requirements for buyers to receive a $7,500 tax credit. The IONIQ 9 also qualifies for the tax credit and currently sources 60% of its parts from the U.S. and Canada.
"If they can (get) vehicle content above 85% (USMCA compliant), then they might not have any tariffs that they have to pay on this," Ketels said. "So it'll be priced competitively for this vehicle segment."
What to know about the Hyundai IONIQ 9
-Manufactured at Hyundai Metaplant in Ellabell, Georgia, near Savannah
-Driving range varies from 335 to 355 miles per charge, with charging port access to 45,000-plus DC chargers
-Accelerates from 0 to 60 mph in less than five seconds
-Passenger compartment prioritizes space and has three rows of seating
-Longest wheelbase in class produces roomy interior
-Available in six different trim styles with prices ranging from $60,555 to $76,590
-Paint styles include nine exterior colors and three on the interior
Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
CCSC Technology International Holdings Full Year 2025 Earnings: US$0.12 loss per share (vs US$0.13 loss in FY 2024)
CCSC Technology International Holdings (NASDAQ:CCTG) Full Year 2025 Results Key Financial Results Revenue: US$17.6m (up 20% from FY 2024). Net loss: US$1.41m (loss widened by 8.9% from FY 2024). US$0.12 loss per share. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period CCSC Technology International Holdings shares are up 3.7% from a week ago. Risk Analysis Before we wrap up, we've discovered 2 warning signs for CCSC Technology International Holdings (1 can't be ignored!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
3 minutes ago
- Yahoo
Should You Think About Buying Life Time Group Holdings, Inc. (NYSE:LTH) Now?
Life Time Group Holdings, Inc. (NYSE:LTH), is not the largest company out there, but it saw a decent share price growth of 14% on the NYSE over the last few months. While good news for shareholders, the company has traded much higher in the past year. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Let's take a look at Life Time Group Holdings's outlook and value based on the most recent financial data to see if the opportunity still exists. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Is Life Time Group Holdings Still Cheap? Life Time Group Holdings is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Life Time Group Holdings's ratio of 32.11x is above its peer average of 24.04x, which suggests the stock is trading at a higher price compared to the Hospitality industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Life Time Group Holdings's share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Check out our latest analysis for Life Time Group Holdings What does the future of Life Time Group Holdings look like? Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Life Time Group Holdings' earnings over the next few years are expected to increase by 73%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. What This Means For You Are you a shareholder? LTH's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe LTH should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping tabs on LTH for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for LTH, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. Every company has risks, and we've spotted 2 warning signs for Life Time Group Holdings you should know about. If you are no longer interested in Life Time Group Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.


Forbes
6 minutes ago
- Forbes
Retailers In The Crosshairs Over Tariff-Driven Price Hikes
Close-up on a woman shopping at a convenience store and checking her receipt while exiting In survey after survey, consumers overwhelmingly expect Trump's tariffs to increase prices, a view reinforced by numerous experts, including the Federal Reserve's Jerome Powell, who said in June, 'Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.' Despite June reports that the consumer price index only ticked up 0.3%, which Goldman Sach's' Kay Haigh said 'remained muted,' and that the producer price index, which measures wholesale price increases, didn't move at all, consumers aren't reassured. They see prices rising before their eyes, which is backed up by findings from Harvard Business School's Pricing Lab, which tracks prices from four major U.S. retailers on a daily basis. The July 17 report found prices on both imported and domestic goods are going up. As consumers try to reconcile conflicting reports and what their 'lying eyes' are seeing, a new Harris Poll report suggests they are going to point the finger not on distant government officials in Washington, but closer to home: on retailers and brands they regularly do business with. Corporate Greed Takes Blame 'Sixty-three percent of Americans believe that companies are taking advantage of the economic climate to boost profits,' said Harris Poll CEO John Gerzema, based upon a recent survey among 2,000 adult Americans. Further, 62% believe businesses are lowering product quality while raising prices, another blow to corporate reputations and a threat to brand loyalty. Retailers must tread carefully in these rough waters. Consumers will do business with brands they trust. The widespread feeling is that corporations are putting profits ahead of the people they serve. 'Consumers must be able to trust that businesses are not taking advantage of them during this period of high economic anxiety,' Gerzema continued. 'Those who demonstrate themselves as allies right now will build future differentiation and goodwill.' An additional threat to customer loyalty was uncovered in a related Axios/Harris Poll earlier this year. More Americans – 39% – hold businesses accountable for their financial struggles compared to 30% who blame government policies. Meanwhile, another 30% cite their own financial decisions for their economic hardships. These consumers are likely to change their shopping behavior in an effort to regain control and correct course. Businesses Have A Choice Even as the Pricing Lab finds domestic retail prices going up, the increased tariff rates that are set to take effect on Aug. 1 are going to be a bigger blow and one that will put even greater stress on consumers and corporations that have to decide how to cover them. The Budget Lab at Yale just reported that consumers face an overall average effective tariff rate of 20.6%, the highest since 1910. The Federal Reserve Bank of New York posted a report in June that 75% of manufacturers have started to pass through tariff costs to consumers, including nearly one-third that have passed along all associated tariffs, greater than the 25% that have held prices steady. In the middle, 24% have passed on 50% or less of tariff costs and 20% are in the range between 51% and 99%. Manufacturers also indicated that the cost of their tariffs goods increased by an average of 20% over thel ast six months, a pretty sizeable markup and inline with the Budget Lab's assessment. For retailers and their product partners, Gerzema advised caution in passing along too many of the tariff costs. 'It's a question of whose side are you on? With tariffs creating greater uncertainty and price sensitivity, leaders must explain how their business is responding and the steps they are taking to protect future customer value, not just margin.' Somebody's Got To Pay Drawing on insights from the Harris Poll, Gerzema encourages companies to adopt a fair and transparent approach to pricing. When price hikes are unavoidable, he advises clear, empathetic communication to maintain trust and goodwill. In cases where tariffs drive up costs, a 'less is more' philosophy applies—businesses are better served by absorbing a portion of the impact rather than transferring the full burden to consumers. As the Fed's Powell said ,'All through that [supply] chain, people will be trying not to be the ones who can take up the cost, but ultimately, the cost of the tariff has to be paid. And some of it will fall on the end consumer.'