City of Joliet Solidifies Economic Leadership with New Hyundai Translead Facility

$148M Investment to Deliver 1,000+ Jobs and Revitalize Former Lion Electric Site

JOLIET, Ill. - The Joliet City Council voted last night to approve a property tax abatement supporting Hyundai Translead's new trailer manufacturing facility in Joliet, which will occupy the former Lion Electric site on Youngs Road.

To improve the project's financial feasibility, Hyundai Translead requested abatements from the City of Joliet and other local taxing bodies. The Council approved the same 50% abatement for five years that had previously been in place for Lion Electric. The updated estimated cumulative value of the abatements is $327,725, reflective of a more current assessment of the property.

Hyundai Translead anticipates investing $148 million in the project, creating more than 1,200 jobs at full operational capacity, and generating approximately $1 million in annual property taxes.

"Hyundai Translead's decision to grow in Joliet reflects the confidence companies have in our city's future," Mayor Terry D'Arcy said. "This project brings meaningful job creation, major investment, and fresh energy to our local economy. It strengthens Joliet's role as a hub for innovation and industry in Illinois. We welcome this partnership and look forward to the long-term opportunities it will create for our residents and our region."

Operations at the Youngs Road facility are expected to begin in late 2026, with a second location planned in unincorporated Will County.

For more information on upcoming and ongoing development projects in Joliet, please visit www.joliet.gov.