Hyundai will begin production of the IONIQ 5 in the United States as well, at the end of 2024

Driven by strong demand for the IONIQ 5 in the United States, the South Korean manufacturer has decided to produce this electric vehicle, based on the E-GMP platform, at a new plant the company is building in the state of Georgia. This was recently revealed by the head of the Hyundai division in North America in statements to the media.

So now we know that the IONIQ 5 will be the first model to roll off the assembly line at the Hyundai Motor Group Metaplant America located in the state of Georgia.

Currently, Hyundai imports the IONIQ 5 into the United States as a fully assembled unit from South Korea, where it is manufactured at the Ulsan Plant 1. As a result, purchases of this model are not eligible for the up to $7,500 incentive offered by the federal government in this country.

With almost 34,000 units sold and year-on-year sales growth of 48% in 2023, it can be said that demand for the IONIQ 5 in the United States is truly robust, and all of this despite not being able to access the tax incentive that some of its direct competitors enjoy. It seems logical, therefore, to think that if this situation were to change and it became eligible for this aid, demand for this model would be even greater.

Units imported from South Korea will continue to arrive in Europe

The new Hyundai plant in the United States will be the first dedicated exclusively to electric vehicles for the company worldwide. Covering more than 1,200 hectares and with an investment of $7.6 billion, the new facilities will include a section dedicated to vehicle assembly and another to the production of battery cells, operated in collaboration with LG Energy Solution. Production had been scheduled to begin in the first quarter of 2025, but the South Korean manufacturer has now brought forward the start of operations to the end of 2024.

More specifically, we now know that assembly of the IONIQ 5 at the new US plant will begin in October, while local battery assembly in collaboration with LGES will begin a year later. Until then, the cells for the IONIQ 5 battery pack assembled in the United States will come from an SK On plant in Hungary.

The price of the Hyundai IONIQ 5 in the United States currently starts at $43,175 for the base version and goes up to $60,775 for the top-of-the-range version, in both cases including an additional $1,375 transport charge. For the time being, it is unknown whether the fact that it will no longer be a model imported from South Korea could bring these prices down.

Technical specifications of this car

CrossoverHyundai IONIQ 58 versions · from 44,670 €