Hyundai is reported to announce plans for an EV assembly plant in Georgia during President Joe Biden’s visit to South Korea.
Biden visited South Korea next week when he visited Asia for the first time as president, and the White House and South Korean car makers Negotiations are reportedly underway About plants. A formal announcement is scheduled for either May 20th or 21st, when Biden will visit Seoul.
The factory is located in the Savannah region of Georgia. It currently occupies 2,200 acres of land 25 miles inland from state and local government-owned savanna and plans to create jobs for up to 8,500 people. Please note that the plan is not formalized and is subject to change, so the reader needs to understand these numbers with a grain of salt.
Will also tell you the source CNBC Hyundai can also invest up to $ 7 billion to build internal combustion engine vehicles in the plant.
This is reported to create 7,500 jobs, following last year’s announcement that EV startup Rivian will spend $ 5 billion on a factory 45 miles from Atlanta.
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Hyundai announces Georgia EV plant
Source link Hyundai announces Georgia EV plant