Hyundai Motor Group is planning to build a $7 billion electric vehicle plant in Georgia and will announce the details next week, according to a U.S. official.
will announce plans next week to build a $7 billion electric vehicle plant outside Savannah, Georgia, a U.S. official speaking on the condition of anonymity told the Associated Press.'s scheduled May 20-21 visit to Seoul. Hyundai is not revealing any details yet, though, saying in a statement that the company "will announce the location of our new US EV plant soon."Reuters first reported that Hyundai was looking to build its new plant in Georgia.
People familiar with Georgia's talks with Hyundai told The Atlanta-Journal Constitution that the massive new facility will bring as many as 8,500 jobs and be built on a 2,200-acre site near the community of Ellabell, roughly 25 miles north of Savannah in Bryan County.FOX Business the governor will be in Bryan County May 20 for a number of events, including an economic development announcement.
Georgia Gov. Brian Kemp speaks during a ribbon-cutting ceremony for the Mason Mega Rail Station at the Garden City Port Terminal Nov. 12, 2021, in Garden City, Ga.and visited with great companies like Kia and Hyundai and a lot of others," the governor said Monday. "We've got a great partnership with them and a lot of other South Korean companies, and we have for a long time."
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