Hyundai will spend nearly $450 million at its Montgomery plant to build hybrid engines and the new Tucson and Santa Fe, adding 53 jobs that average $30.03 an hour.

Hyundai Motor Manufacturing Alabama will invest nearly $450 million to expand production at its Montgomery plant.

The money will prepare the plant to build hybrid engines and the next Tucson and Santa Fe. The project adds 53 full-time jobs.

Company officials, Gov. Kay Ivey and city and county leaders marked the announcement at the plant Wednesday. The details are from the governor’s office release and the Alabama Department of Commerce.

What the money pays for

The governor’s office said the project includes:

  • new multi-engine production, including hybrid engines
  • engines for extended-range electric vehicles, which carry a gas engine that charges the battery
  • preparing the plant for the all-new Tucson, including hybrid versions
  • preparing the plant for the refreshed Santa Fe

The release did not say when production of the new models or engines will start.

The jobs and the figures

The 53 new full-time positions pay an average of $30.03 an hour, or $62,467 a year, according to the governor’s office.

The release gives two figures for the project. Its text says “nearly $450 million.” The caption on the office’s own photo from the event puts the capital investment at $412,885,541.

What the state reported Figure
New investment nearly $450 million
Capital investment (photo caption) $412,885,541
New full-time jobs 53
Average pay for the new jobs $30.03 an hour ($62,467 a year)
Total HMMA investment since 2005 nearly $2.2 billion
People employed at the plant now 4,200
State tax revenue each year about $100 million
Local tax revenue each year more than $12 million

Table by Montgomery Live. Source: Office of Gov. Kay Ivey, Oct. 28, 2026.

The plant and its suppliers have an annual economic impact of more than $5 billion, the state said. Hyundai has given nearly $1 million a year to River Region charities, public school systems and other causes over the past four years, the release said.

The plant is at 700 Hyundai Blvd. Production began there in 2005.

What leaders said

“These investments will support new vehicle production, expanded engine manufacturing capabilities and advanced propulsion technologies that provide customers with greater choice and flexibility as the automotive industry continues to evolve,” HMMA Chief Operating Officer Mark Rader said. “Most importantly, these investments represent confidence.”

“Alabama and Hyundai are a winning team,” Ivey said.

Mayor Steven Reed said the investment “reflects Hyundai’s confidence in our city and the people who have made its success possible.”

Montgomery County Commission Chairman Doug Singleton credited planning by earlier leaders. “Long before the first vehicle rolled off the line, leaders were investing in infrastructure and preparing this community for opportunities they could not yet see,” Singleton said.

Anna Buckalew, president and CEO of the Montgomery Regional Chamber of Commerce, called the plant’s growth “a tremendous source of pride for this community.”

What it means for you

  • Jobs. The 53 new positions are on top of the plant’s 4,200. HMMA posts openings on its careers site and its employment page. The release did not say when hiring for the new roles begins.
  • The local economy. The state puts the plant’s local tax payments at more than $12 million a year. Montgomery’s jobless rate was 4.1% in August, above the state’s.
  • Suppliers. The release said the benefits will reach suppliers across the state. It did not name any supplier expansions in the Montgomery area.
  • What we do not know yet. Start dates, the construction schedule and any state or local incentives were not in Wednesday’s release. We will update this page when they are published.

For more openings and ribbon cuttings around town, see new businesses in Montgomery.