Hyundai announces $5.5B electric vehicle plant in Georgia

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

JUST IN: Hyundai Motor Group officials confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands.

Hyundai Motor Group CEO Jaehoon Chang made the announcement with Gov. Brian Kemp at the site of the future factory in Bryan County, where state and local officials purchased a flat, sprawling tract for $61 million last year in hopes of luring a major manufacturer.

The announcement came as President Joe Biden is visiting South Korea. He was scheduled to meet with Hyundai’s CEO in Seoul on Sunday. Jake Sullivan, the president’s national security adviser, told reporters Biden “will have the opportunity to say thank you for this significant investment that will occur in the United States.”

The land sits adjacent to Interstate 16 that links Savannah and Macon, not far from its intersection with Interstate 95 that spans the Eastern Seaboard. It’s also near to the Port of Savannah, the fourth-busiest U.S. seaport. Kemp brushed off the criticism, noting Perdue’s record of outsourcing U.S. jobs to overseas manufactures as a corporate executive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in CAR

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hyundai announces $5.5B electric vehicle plant in GeorgiaELLABELL, Ga. (AP) — Hyundai Motor Group confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history. Thanks SenOssoff! GAsen GApol I guess Democrats will have a cheaper, better alternative to elonmusk’s electric cars. Incredible
Source: AP - 🏆 728. / 51 Read more »