Home United States USA — IT Hyundai Motor Will Spend $5.54 Billion to Build EV Plant in Georgia;...

Hyundai Motor Will Spend $5.54 Billion to Build EV Plant in Georgia; Operations to Begin in First Half of 2025

26
0
SHARE

The South Korean automaker also has plans to introduce battery manufacturing facilities in addition to assembling EV’s.
Hyundai Motor has confirmed its plans to spend $5.5 billion in building electric vehicle plants outside of Savannah, Georgia. These plants are expected to employ at least 8,100 employees and will begin operations in the first half of 2025. With an annual production capacity of 300,000 vehicles, the investment is being referred to as the largest economic development project in the Georgia’s history. Hyundai Motor Group CEO Jaehoon Chang made the official announcement with Georgia’s Governor Brian Kemp at the site of the future factory in Bryan County.

Continue reading...