Magnetics Business & Technology - January/February 2024 - 7

FEATURE ARTICLE
Now one year into construction, Hyundai's giant Metaplant in Georgia
is on track to begin production in early 2025. Approximately
2,000 construction workers are working at the nearly 3,000-acre
megasite site to keep the project on target, reports Hyundai
America's CEO Oscar Kwon. The $5.5 billion investment will establish
manufacturing for an assortment of Hyundai, Genesis and Kia
electric vehicles and a new battery manufacturing facility.
Also in November, Hyundai inaugurated its new Innovation Center
Singapore dedicated to transform EV production, R&D and customer
experience. The facility introduces a new 'smart urban mobility
hub' concept which includes a highly automated flexible production
system and provides creative ways for buyers to interact with
their vehicles and the Hyundai brand. The seven-story, 86,900 m2
plant can manufacture up to 30,000 EVs per year. Operational
since early 2023, it already produces the company's IONIQ brand.
It will serve as a testbed for developing future mobility solutions
including purpose-built vehicles and robo-taxis. Approximately 50
percent of all tasks are carried out by 200 robots in a cell-based
production system that leaves behind the traditional conveyor-belt
manufacturing approach to achieve unsurpassed standards of flexibility
and automation.
AN
EVOLUTION
IN POWER
MAGNETICS
On November 12, Hyundai held a groundbreaking ceremony for a
new EV plant at its complex in Ulsan, the heart of Korea's automotive
industry. Representing a $1.5 billion investment, it occupies a
site of 548,000 square meters and will be able to produce 200,000
EVs per year. The first new plant for the group in 29 years, It will the
hub for Hyundai's mobility production in the era of electrification,
says the company. Construction is scheduled to be completed in
2025, and vehicle mass production will commence in the first quarter
of 2026. An electric SUV from luxury brand Genesis will be the
first model to be produced at the new plant.d Kia electric vehicles
and a new battery manufacturing facility.
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January/February 2024 * Magnetics Business & Technology 7
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Magnetics Business & Technology - January/February 2024

Table of Contents for the Digital Edition of Magnetics Business & Technology - January/February 2024

Contents
Magnetics Business & Technology - January/February 2024 - Cover1
Magnetics Business & Technology - January/February 2024 - Cover2
Magnetics Business & Technology - January/February 2024 - Contents
Magnetics Business & Technology - January/February 2024 - 4
Magnetics Business & Technology - January/February 2024 - 5
Magnetics Business & Technology - January/February 2024 - 6
Magnetics Business & Technology - January/February 2024 - 7
Magnetics Business & Technology - January/February 2024 - 8
Magnetics Business & Technology - January/February 2024 - 9
Magnetics Business & Technology - January/February 2024 - 10
Magnetics Business & Technology - January/February 2024 - 11
Magnetics Business & Technology - January/February 2024 - 12
Magnetics Business & Technology - January/February 2024 - 13
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Magnetics Business & Technology - January/February 2024 - 15
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Magnetics Business & Technology - January/February 2024 - 29
Magnetics Business & Technology - January/February 2024 - 30
Magnetics Business & Technology - January/February 2024 - Cover3
Magnetics Business & Technology - January/February 2024 - Cover4
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2024marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2024januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2023januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2022januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2021januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020julyaugust
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2020januaryfebruary
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019novemberdecember
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019septemberoctober
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019julyaug
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019mayjune
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019marchapril
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2019janfeb
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2018spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2017spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2016spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2015spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2014spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2013spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012summer
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2012spring
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011winter
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011fall
https://www.nxtbook.com/nxtbooks/webcom/magnetics_2011summer
https://www.nxtbookmedia.com