Hyundai Motor recently announced plans to power its Georgia Metaplant with solar energy. The automaker has signed a power purchase agreement with Matrix Renewables, a Spanish company, to receive up to 147 MW of energy from its Stillhouse Solar Project in Texas.
The project is set to begin commercial operation by October 2025 and the agreement will be in effect from 2025 through 2040, covering 70% of the solar energy generation capacity. This move comes as Hyundai’s Metaplant in Georgia, initially intended for electric vehicle (EV) production, now seeks to recover from EV sales decline by focusing on plug-in hybrid sales.
Despite the slowdown in EV sales, the company has seen success with various models, including Palisade, Kona, and IONIQ, and has garnered accolades for its vehicles. Randy Parker, CEO of Hyundai Motor America, expressed enthusiasm for the strong Q1 total sales results and highlighted the brand’s successful products, including the IONIQ 5 N winning the World Performance Car of the Year award.
Additionally, the Hyundai Motor Group, which also owns the Kia brand, has been performing well in the electric vehicle market.