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Discussions between Hyundai and government officials began in January 2022. [2] Hyundai announced the $7.6 billion factory in April 2022, [5] and construction on the 2,284-acre (924 ha) site began that October. [4] [6] It is the largest economic project in Georgia history. [7]
Pat Wilson, Georgia’s economic development commissioner, has said Hyundai is projected to have a direct payroll of $4.7 billion over the next 10 years. The company has promised to pay workers a ...
Hyundai has begun producing electric SUVs in Georgia less than two years after breaking ground on its sprawling, $7.6 billion manufacturing plant west of Savannah. Hyundai's factory in Georgia ...
Buyer demand drove Hyundai’s decision to open the Georgia plant with the IONIQ 5, LaMuraglia said. The model is the automaker’s best-selling EV, with 34,000 units sold in 2023.
A top Hyundai executive said Tuesday that the company is rushing to start electric vehicle and battery production as soon as possible at a $7.6 billion complex in coastal Georgia, spurred by ...
The deal calls for Hyundai and battery maker LG Energy Solution to invest $7.6 billion in the Georgia plant and hire 8,500 workers by the end of 2 Higher investment means Hyundai could get $2.1 ...
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