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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]
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 ...
In Georgia, Hyundai is investing $12.6 billion the Bryan County plant, as well as two others that will make batteries. The company estimates its Georgia workforce within a few years will be about ...
The post goes on to provide more details about the company’s future plans, saying they hope to sell 2 million EVs per year by 2030, as well as increase the number of EV models to 21 by 2030.
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'.
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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 ...
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 ...