A South Korean business will invest $72 million in a factory in coastal Georgia to produce half shafts, axles, and brake systems for a Hyundai Motor Group auto assembly plant.

Seohan Group stated that the plant would be built near Midway, south of Savannah, with plans to hire at least 180 additional workers.

Seohan Auto Georgia is the region’s seventh major supplier, following Hyundai’s announcement in May that it would establish a $5.5 billion plant in Ellabell, Georgia, to assemble electric vehicles and batteries. The plant could employ 8,100 people and will begin producing vehicles in 2025.

Since then, Seohan and six other suppliers have agreed to invest about $2 billion and hire over 4,600 people.

Seohan, situated in Seoul, already supplies a Hyundai assembly factory in Montgomery, Alabama, as well as a Kia plant in West Point, Georgia. Seohan manufactures axles and driveshafts in two Auburn, Alabama, factories that launched in 2008 and 2014. Last year, the business announced a $13.5 million investment in the plants, which together employ more than 200 people, to produce parts for electric vehicles. However, the business stated that it requires additional capacity to manufacture parts as manufacturers transition to electric propulsion.

“The sustained growth of the EV market over the last few years suggests that accelerated changes to the automotive market are unavoidable,” said Jung Kee Koo, CEO of Seohan Auto Georgia Corp., in a statement. “We believe Georgia will be the epicentre of the EV industry, a new frontier for Seohan’s future with limitless opportunities and potential.”