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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]
Located in Piracicaba, São Paulo, Hyundai Motor Brasil (HMB) is the first Hyundai Motor plant in Latin America. With an investment of around R$1.2 billion, the plant has the capacity to produce 180,000 cars per year under three shifts. The plant produced the HB20 subcompact line-up, which stands for 'Hyundai Brasil'.
A year has passed since Hyundai Motor Group broke ground on the $7.6 billion vehicle and battery plant, the South Korean automaker's first U.S. factory dedicated to producing EVs. Hyundai ...
The study also states that, "In Alabama, California, and Georgia – the states that received 97% of all new investments in 2021 – Hyundai and its independent dealers have created or contributed ...
SAVANNAH, Ga. (AP) — 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.
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 ...
Another South Korean auto parts company is set to build a plant in Georgia, investing more than $176 million and hiring more than 460 employees. ... Suppliers to the Hyundai plant have pledged to ...
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