Hyundai announces $5.5B electric vehicle plant in Georgia

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.

"It's going to continue to bring wealth and opportunity to the region," said Kemp, who predicted a ripple effect that will boost businesses from Savannah's already booming seaport to restaurants and convenience stores. It's the second huge electric vehicle plant announced in Georgia in less than a year. Rivian Automotive announced in December plans for a $5 billion electric truck plant east of Atlanta that's expected to employ about 7,500 workers.

Kemp predicted the Hyundai plant will become one of the biggest customers for Savannah's port, which has already seen explosive growth in recent years.

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