Nov. 28, 2022—Hyundai Mobis, a manufacturer and supplier of EV components, is planning an expansion in Georgia worth nearly $1 billion in investments.

A press release from Georgia Gov. Brian Kemp said that the Electric Vehicle Power Electric system plan will employ 1,500 people. It will add to the company's current roster of 1,200 employees in the state.

From the press release:

"Once it reaches full production, the 1,200,000-square-foot facility will be able to supply over 900,000 EV Power Electric systems and 450,000 Integrated Charging Control Units annually to the Hyundai Motor Group Metaplant America (HMGMA) factory in Bryan County, the Hyundai Motor Manufacturing Alabama (HMMA) factory in Montgomery, and the Kia Georgia plant. Construction on the new facility, located at the Georgia Ready for Accelerated Development (GRAD) Certified Belfast Commerce Park in Richmond Hill, is expected to begin as early as January 2023, and production is expected to begin in 2024."