Hyundai Engineering Site Development Sterling Win the Contract to Build America’s New EV Battery Plant in Georgia

Hyundai Engineering Site Development Sterling Win the Contract to Build America's New EV Battery Plant in Georgia

Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling”) today announced that its subsidiary, Plateau of its E-Infrastructure Solutions segment, was awarded one of its largest site development projects, encompassing over 600 acres, by Hyundai Engineering America, Inc.

The state of Georgia continues to see significant investments in the growing electric vehicle (EV) ecosystem. The new EV battery manufacturing plant in Bartow County is one of the largest economic development projects in the state’s history. Plateau was selected due to a combination of its experience, exemplary track record, and unparalleled capabilities on large-scale, schedule-intensive site development projects.

CEO Remarks

“We are excited to be a significant part of developing the critical infrastructure associated with the rapidly growing EV market. The size and scope of this project, along with the Rivian Plant we announced last year, are further examples of the capabilities we have and the trust that is put upon us to tackle the most demanding jobs,” stated Joe Cutillo, Sterling’s CEO. “These capabilities position us nicely to capitalize on the rapidly growing development of EV and chip manufacturing up and down the East Coast over the next several years.”

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