Hyundai Confirms $5.5B Plant in Georgia
May 24, 2022—Hyundai on Friday confirmed it will build a $5.5 billion electric vehicle facility near Savannah, Georgia.
The plant will sit on land originally purchased by the state for $61 million according to a report from The Detroit News. That purchase was made to attract a business such as Hyundai to build on that land.
“Hard-working Georgians are going to have the opportunity to have a really high-paying, advanced manufacturing job with a great company,” Kemp said in an interview per the report.
The plant, which will be Hyundai's first dedicated EV facility in the country, will employ at least 8,100 workers and produce up to 300,000 vehicles a year. Construction is expected to begin next year with a targeted in-operation date of 2025,