Hyundai says it will build $7 billion electric vehicle plant in Georgia

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Hyundai says it will build $7 billion electric vehicle plant in Georgia

A spokesman for Hyundai Motor Group told the Associated Press that they plan to build a $7 billion electric vehicle plant outside Savannah, Georgia next week.

The South Korean automaker is expected to make a formal announcement during President Biden's scheduled visit to Seoul on May 20 - 21. Hyundai is not revealing any details yet, but it has been confirmed that the company will announce the location of its new USEV plant in the near future. Hyundai was looking to build a new plant in Georgia at the beginning of the day.

People familiar with Georgia's talks with Hyundai told The Atlanta-Journal Constitution that the massive new facility will bring as many as 8,500 jobs and be built on a 2,200 acre site near the community of Ellabell, about 25 miles north of Savannah in Bryan County.

Georgia Gov. The governor will be in Bryan County on May 20, for a number of events including an economic development announcement, according to a source familiar with the report.

The governor said Monday that there was a reason that I made my first economic development trip to South Korea and visited with great companies like Kia and Hyundai. We have a great partnership with them and a lot of other South Korean companies for a long time. The Hyundai deal is the second huge electric vehicle plant announced for Georgia in less than a year after Rivian Automotive unveiled plans to build a $5 billion plant outside Atlanta that is expected to bring 7,500 jobs.

The timing of the announcement could be a boost to Kemp ahead of the May 24 primary election, where he faces challenges from multiple Republicans, including former Sen. David Perdue, who is endorsed by former President Donald Trump.

Kemp is endorsed by former Vice President Mike Pence, and has a healthy lead in the polls.