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Hyundai Motor Group Metaplant America Celebrates Grand Opening, Powering U.S. Economic Growth

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Hyundai Motor Group Metaplant America, the key pillar of the Group’s $12.6 billion investment in Georgia and the largest economic development project in the state’s history, is now openVehicle assembly and battery plant will produce up to 500,000 electric and hybrid vehicles annually for Hyundai, Kia and Genesis brandsHyundai Motor Group commits to an additional $21 billion investment from 2025 to 2028 to drive U.S. manufacturing growthSince entering the U.S., Hyundai Motor Group has invested $20.5 billion in the U.S., creating directly and indirectly more than 570,000 American jobs

ELLABELL, Ga., March 26, 2025 /PRNewswire/ — Hyundai Motor Group Metaplant America (HMGMA) today hosted its Grand Opening celebration, as part of Hyundai Motor Group’s commitment to and investment in the U.S. The ceremony marks the completion of the largest economic development project in Georgia’s history, just two and a half years after breaking ground.

“Hyundai Motor Group Metaplant America not only represents the Group’s advanced manufacturing capabilities and commitment to innovation, but also our investment in relationships with our partners and communities right here in Georgia,” said Euisun Chung, Executive Chair of Hyundai Motor Group. “With the rich history of craftsmanship and manufacturing in this community, together with the talented workforce at HMGMA we are building the future of mobility with America, in America.”

The event was attended by Hyundai Motor Group Executive Chair Chung, Governor Brian P. Kemp, U.S. Representative Buddy Carter, Hyundai Motor Group Vice Chair Jaehoon Chang, Hyundai Motor Company President and CEO José Muñoz, Kia Corporation President and CEO Ho Sung Song, company officials, state and local leaders, HMGMA Meta Pro employees, and other distinguished guests.

“Hyundai Motor Group Metaplant America is a once-in-a-generation opportunity, made possible by our commitment to working with job creators to build fruitful partnerships for decades. Collaborations between HMGMA and Georgia’s universities and technical colleges, including Georgia Quick Start’s on-site training facility, are preparing Georgians for high-quality jobs of today and tomorrow, while our award-winning infrastructure, such as our ports connects companies to markets around the nation and globe,” said Governor Kemp during the event, highlighting the positive impact of the plant on the state’s economy as well as its role in advancing innovative manufacturing and cultivating a skilled labor pool in Georgia.

HMG entered into a landmark agreement with the State of Georgia in May 2022 to establish a cutting-edge electric and hybrid vehicle production and battery manufacturing facility in Ellabell, Georgia, located 20 miles outside of historic Savannah. By June 2022, HMGMA was officially formed, and within four months, the company broke ground on the project, setting an unprecedented pace for development.

On October 3, 2024, less than two years after breaking ground, the first vehicle – a Hyundai IONIQ 5 – rolled off the assembly line, marking a new era for the Group’s U.S. operations. Hyundai’s IONIQ 9 three-row electric SUV is also now in production at HMGMA and will be joined in 2026 by the first Kia model to be built at the facility.

In addition to manufacturing electric vehicles for Hyundai, Genesis, and Kia, the plant is also equipped to produce hybrid vehicles. HMGMA has the capacity to initially produce 300,000 vehicles annually.

Investment and Economic Impact
The Group’s investment in Georgia related to HMGMA and joint battery ventures with LG Energy Solution and SK On is $12.6 billion. This represents the largest single investment in the state’s history and includes a total of 8,500 jobs at HMGMA by 2031. The Group’s total investments in Georgia are expected to create nearly 40,000 direct and indirect jobs, and $4.6 billion in individual earnings every year, according to the Center for Automotive Research.

As of the end of 2024, more than $2.5 billion in capital investment and approximately 6,900 jobs have been announced by HMGMA suppliers in 12 counties across the state. This more than doubles the additional $1 billion investment by suppliers that was originally anticipated.

HMGMA exemplifies the Group’s dedication to fostering economic growth, driving technological advancements, and delivering sustainable solutions to the U.S. market. To date, the Group has invested more than $20.5 billion in the U.S. in the service of these goals, creating or supporting over 570,000 jobs nationwide. 

Earlier this week, the Group announced a significant investment of $21 billion in the U.S. from 2025 to 2028; $9 billion will be invested to establish an annual production capacity in the U.S. of 1.2 million vehicles. The Group plans to expand HMGMA’s annual production capacity to a total of 500,000 units, an increase of 200,000 units from the original plan. In addition, the Group’s existing U.S. production sites – Hyundai Motor Manufacturing Alabama and Kia Autoland Georgia – will also see improvements in production facilities.

A total of $6 billion will be allocated to enhance the Group’s parts and logistics business, as well as establishing an Electric Arc Furnace-based integrated steel mill in the U.S. through its affiliate, Hyundai Steel, with an annual steel production capacity of 2.7 million tons. The mill will supply high-quality automotive steel plates to HMGMA when commercial steel production begins in 2029.

The Group will invest an additional $6 billion to drive innovation and expand strategic partnerships with U.S. companies in areas including autonomous driving, robotics, artificial intelligence (AI), and advanced air mobility (AAM).

Through this $21 billion commitment to drive U.S. manufacturing growth, the Group anticipates it will create 14,000 new direct full-time jobs in the U.S. by 2028. The overall economic impact is expected to generate more than 100,000 direct and indirect job opportunities across related industries. 

Technology and Design
HMGMA’s architecture blends advanced technology with design elements that reflect Hyundai’s brand identity and the natural beauty of the Savannah area.

HMGMA has integrated a variety of proof-of-concept manufacturing technologies and systems from Hyundai Motor Group Innovation Center Singapore (HMGICS), scaling these to accommodate the larger production volume at the Georgia facility.

For example, all HMGMA’s processes – order collection, procurement, logistics and production – are optimized using AI and real-time data, and cutting-edge robotics and vision systems ensure high-quality vehicle production. These innovative manufacturing systems help create a human-centered work environment with robots assisting human workers, improving efficiency.

HMGMA expands its mixed-model production capability and integrates various robot processes to enhance automation, including automated guided vehicles for an optimized logistics system, Boston Dynamic’s Spot for exterior quality inspection in the weld shop, and parking robots in the assembly shop. Automation in HMGMA’s assembly shop is nearly double that of the Group’s existing facilities.

“It’s a historic moment that our state-of-the-art smart plant is officially open,” said Oscar Kwon, CEO of HMGMA. “It is as important for us to create a comfortable and welcoming work environment for our Metaplant employees, also known as Meta Pros, as it is for us to create an energy-efficient and technologically advanced plant. It is essential for our Meta Pros to be happy, comfortable and safe in their work environment for long-lasting careers at HMGMA.”  

All the work zones, from office to production areas, have been designed to encourage communication and build team collaboration. The designs feature open layouts with ample daylight and indoor landscaping. Production areas, such as those in the assembly building, have team centers with skylights delivering natural light at the center of the building and can be used for employee breaks and meetings. 

The 3,050-foot-long front of the HMGMA building’s exterior is lit in two parallel lines, inspired by a stream, and outlines an area where interstate travelers can view the vehicles as they travel by conveyer from paint to general assembly.  

A solar parking lot located at the front of the site will generate 5.2 megawatts of energy, accounting for roughly five percent of the Metaplant’s total power consumption. The solar panels are installed above 1,878 parking spaces, providing shade for vehicles while simultaneously producing electricity.

A 41-acre ecological park that includes trails, running tracks, sports fields, and picnic areas will feature prominently in front of the Metaplant – all for Meta Pros to enjoy before or after work. Construction of the park is ongoing.

Hydrogen Ecosystem
HMGMA has deployed Hyundai Motor XCIENT heavy-duty hydrogen fuel-cell electric trucks for clean logistics operations. A total of 21 XCIENT trucks are currently in operation, representing more than a third of the Glovis America truck fleet at HMGMA, which transport vehicle parts from suppliers across the region to the 2,906-acre Megasite where HMGMA is located on a daily basis.

This industry-leading initiative represents a significant step forward in HMGMA’s leadership efforts to both reduce its carbon footprint and actively promote sustainable practices in daily logistics operations.

Community Engagement
Working under Hyundai Motor Group’s global vision of shaping a better future for humanity through smart mobility solutions and sustainable innovation, Hyundai Motor has supported several non-profit organizations that have had a positive impact on the community, especially in the areas of education, safety and sustainability. Since 2022, Hyundai and Genesis, along with various social responsibility initiatives and nonprofit organizations, have donated nearly $4.5 million to local organizations in Georgia.

Kia’s Autoland Georgia factory in West Point has provided over $22 million in support of Georgia communities since 2009, including more than $6 million to support educational programs such as the THINC College & Career Academy, and SAE’s “A World in Motion.”

About HMGMA 
Hyundai Motor Group Metaplant America (HMGMA) is Hyundai Motor Group’s first dedicated electrified vehicle mass-production plant located in Bryan County, GA. The new plant boasts a highly connected, automated, and flexible manufacturing system, which organically connects all elements of the EV and hybrid ecosystem to realize customer value. The Georgia facility is an intelligent manufacturing plant. All processes of production—order collection, procurement, logistics and production—are optimized utilizing AI and data. The innovative manufacturing system also helps create a human-centered work environment with robots assisting human workers.

About Hyundai Motor Group
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all. More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Media Center.

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SOURCE Hyundai Motor America

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Waytek Presents Outstanding Growth Award to GEP Power Products

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May 13, 2025

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The award recognizes GEP Power Products for its outstanding growth in sales at Waytek, showcasing its exceptional commitment to innovation, quality, and customer service.

CHANHASSEN, Minn., May 13, 2025 /PRNewswire-PRWeb/ — Electrical components distributor Waytek, Inc. has proudly presented GEP Power Products with Waytek’s Outstanding Growth Award for 2024. The Outstanding Growth Award honors the Waytek supplier whose products have experienced exceptional sales growth, demonstrating an unwavering commitment to excellence in all aspects of their operations.

“This recognition is a testament to the hard work and dedication of the GEP team and the shared vision we have with Waytek to deliver top-tier power distribution solutions to our customers.”

GEP Power Products has quickly become a vital partner for Waytek, delivering cutting-edge power distribution modules that meet the rigorous demands of transportation, off-road vehicles, and numerous other applications. Their innovative solutions have contributed significantly to Waytek’s ability to serve customers across various industries, leading to a remarkable surge in product sales.

“We are excited to present the Outstanding Growth Award to GEP Power Products,” said Rob Iversrud, Sr. Product and Category Manager, Waytek. “Their dedication to developing high-quality, cost-effective solutions has played a pivotal role in the growth of their product offerings at Waytek. Their ability to fill a critical need in the market has been integral to the growth of both their brand and Waytek’s product portfolio.”

GEP Power Products specializes in the design and manufacture of advanced power distribution modules, offering reliable, compact, and high-performance solutions. Their products are engineered for harsh environments, including off-road vehicles, emergency equipment, and more. With a strong focus on innovation and quality, GEP Power Products has gained significant traction within Waytek’s customer base.

“We are honored to receive the Exceptional Growth Award from Waytek,” said John Losee, V.P. of Engineering & Sales, GEP Power Products. “This recognition is a testament to the hard work and dedication of the GEP team and the shared vision we have with Waytek to deliver top-tier power distribution solutions to our customers. Waytek’s exceptional customer service, technical support, and reliable distribution have been instrumental in helping us reach new customers and grow our brand. They are a key part of our success, and we truly value the strength of our partnership. We look forward to building on this momentum and achieving even greater results together.”

Some of the key products contributing to GEP Power Products’ rapid success at Waytek include their power distribution modules, specifically designed for rugged applications. With increasing demand for their innovative solutions, GEP Power Products continues to expand their offerings to meet the ever-evolving needs of their customers.

For more information about GEP Power Products and their offerings, visit the GEP Power Products page on the Waytek website.

About Waytek

Waytek, Inc. is a customer-driven distributor of automotive wire and DC electrical components serving OEMs (original equipment manufacturers), wire harness manufacturers, and upfitters across North America. A family-owned business founded in 1970, Waytek commits to providing exceptional service to its customers, shipping more than 99.9 percent of in-stock orders on the same day*. Waytek partners with product manufacturers known for premier quality and takes pride in creating a consistent sense of purpose and unity for its employees. With a mission to provide an exceptional customer experience, we do our part so our customers can do theirs. Learn more at www.waytekwire.com.

About GEP Power Products

GEP Power Products is a leading manufacturer of DC power distribution componentry and related products that handle power distribution, protection, switching, and termination. Its products are engineered for heavy-duty vehicle, off-road, powersports and outdoor power equipment industries. The company’s goal is to provide its customers with standard products and custom solutions that exceed industry performance standards and specifications while supporting critical program deliverables.

*Orders entered by 3:30 p.m. Central Time.

Media Contact

Steve Green, Waytek, Inc., 1 612-364-5650, steve.green@waytekwire.com, www.waytekwire.com

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SOURCE Waytek, Inc.

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ConnectM Stockholder Update – Path Forward & Strategic Milestones

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May 13, 2025

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MARLBOROUGH, Mass., May 13, 2025 /PRNewswire/ — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:

Dear ConnectM Stockholders,

I want to thank you for your continued support and engagement as we navigate a pivotal chapter in our company’s evolution.

While we are disappointed by Nasdaq’s sudden decision to suspend our trading, our vision, trajectory, and company fundamentals remain strong and we are undeterred by this setback.

I know you all are eagerly awaiting the release of our Form 10-K. We intend to release draft FY2024 financial as well as draft Q1 2025 financials within a week while our auditors complete their audit and review procedures.

Below is an update on our current status, recent developments, and the concrete steps we are taking to enhance value for all stakeholders.

1. Business Overview – Continuing to Build on Momentum

ConnectM remains a high-growth technology company at the forefront of the modern energy economy. Through our Energy Intelligence Network and our constellation of companies across HVAC, distributed energy, and digital operations, we continue to integrate cutting-edge software and data-driven insights to optimize energy usage across residential and commercial markets.

2. Trading Status – Now on OTC Pink Market

As of this week, ConnectM shares are trading on the OTC Pink Market. While the transition was sudden, trading stabilized over the past three trading days with over 10 million shares in combined volume—demonstrating strong liquidity and engagement from our shareholder base. Our stock remains tradable via brokers such as Fidelity, Charles Schwab, E*TRADE, TD Ameritrade, Merrill Edge, Ally Invest, and Interactive Brokers

3. Reaffirming Our Plan – As Outlined on May 9, 2025

As shared in our May 9th press release, our plan remains intact:

File our 10-K and 10-Q to regain current reporting statusUplist to OTCQB to demonstrate transparency and accountability, thereby increasing liquidity for our common sharesRefile our resale S-1Continue to add assets and reduce liabilities to position the company for a potential re-listing to Nasdaq or NYSEContinue working with ThinkEquity to align on capital market strategy and raise growth capitalApply to relist on a major exchange

4. Sustained Growth – Q4 2024 & Q1 2025 Highlights

Despite capital market disruptions, our operational momentum has not slowed. We continue to deliver:

Sequential and year-over-year revenue growthImproved profitabilityExpanded customer deploymentsStrong performance across our Home and Building Electrification, Transportation, and Logistics segments

5. Our Milestone Calendar – Tracking to Re-Listing

We are holding ourselves accountable by sharing our key monthly objectives through August 2025:

May

Cut stockholder deficit in half (from –$20M to <-$10M) through 3(a)(9), 3(a)(10) and other debt to equity conversions (already completed)File Form 10-KComplete integrations of Cambridge Energy Resources and Air TempImplement SOPs to ensure timely Q2 Form 10-Q filing

June

File Q1 ’25 Form 10-QFile resale S-1Reach $2.5M in stockholder equity (in process of acquiring a $15M+ asset)Apply for uplisting to OTCQB

July

Achieve resale S-1 effectivenessDraw on equity line of credit for growth initiatives as neededBegin relisting preparation

August

File Q2 Form 10-Q on timeSubmit formal relisting application to Nasdaq or NYSE

I intend to provide weekly updates on the above progress. My management team and I are committed to transparency and accountability to right the ConnectM ship.

We remain confident that the work we are doing now will not only restore compliance and visibility but will also build a stronger, more resilient ConnectM for years to come. We appreciate your continued support and invite your questions or comments anytime at:

📧 CNTM@redchip.com
📞 1-407-644-4256

Sincerely,

Bhaskar Panigrahi
Chairman & CEO, ConnectM Technology Solutions, Inc.

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 

Contact:

Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.

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Impact Advisors Named to Modern Healthcare’s “Best Places to Work in Healthcare” List for 16th Consecutive Year

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May 13, 2025

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Unique Culture Recognized by Colleagues

CHICAGO, May 13, 2025 /PRNewswire-PRWeb/ —  Impact Advisors, a leading healthcare management consulting firm, has been named one of Modern Healthcare’s Best Places to Work in Healthcare for the 16th consecutive year.

“We are honored to receive this recognition from Modern Healthcare. It demonstrates that our Winners (what we call our colleagues) appreciate our unique culture.” – Andy Smith, managing partner and co-founder of Impact Advisors

“We are honored to receive this recognition from Modern Healthcare. It demonstrates that our Winners (what we call our colleagues) appreciate our unique culture. As our firm has grown over the past 18 years, we remain committed to hiring the right people who embody our values and ensuring they receive ongoing support to grow and thrive,” said Andy Smith, managing partner and co-founder of Impact Advisors. “When we take care of our people, we take care of our clients and enable them to provide the best possible healthcare to their communities.”

The Modern Healthcare Best Places to Work awards program identifies and recognizes outstanding employers in the healthcare industry nationwide. Modern Healthcare partners with Workforce Research Group on the assessment process, which includes an extensive employee survey.

“Being recognized as a 2025 Best Place to Work in Healthcare is a powerful testament to how these organizations value their people,” said Dan Peres, president of Modern Healthcare. “In a time of constant change and challenge, this year’s winners have shown a deep commitment to creating environments where employees feel supported, heard, and inspired to do their best work. That kind of culture doesn’t happen by accident — it’s intentional, and it’s worth celebrating.”

“Receiving the “Best Place to Work in Healthcare” award is a significant achievement,” said Michael Nutter, vice president and Happyologist. “We strive to create a culture where our teams collaborate and deliver a positive impact for each other and our clients.”

Official rankings will be announced at the Best Places to Work Awards Gala on October 8th in Nashville. The complete list of this year’s winners is available here.

In addition to Modern Healthcare’s recognition, Impact Advisors has earned several other workplace awards, including Consulting magazine’s Best Large Firms to Work For, Inc. magazine’s Best Workplaces, and Forbes’ Best Management Consulting Firms.

About Impact Advisors

Impact Advisors is a leading healthcare management consulting firm committed to solving the industry’s emerging and evolving challenges. Our high-performing team of clinical, financial, operations and technology experts collaborate to architect quality solutions and deliver measurable value for our clients. We are the most awarded consulting firm in healthcare, with services recognized among Best in KLAS® for 18 consecutive years and a culture designated “Best Place to Work” by Modern Healthcare for 16 years. To learn more about our service quality and innovative culture, visit www.impact-advisors.com.

Media Contact

Catherine Povalitis, Impact Advisors, 1 815-282-9976, cpovalitis@chartwellagency.com, https://www.impact-advisors.com/

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SOURCE Impact Advisors

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