Hyundai to Build $6.5B Electric Vehicle Plant Near Savannah, Georgia

May 24, 2022 by Dan McCue
Hyundai to Build $6.5B Electric Vehicle Plant Near Savannah, Georgia

SAVANNAH, Ga. — Hyundai Motor Group is planning to invest $6.5 billion in a massive electric vehicle factory just south of the city of Savannah.

The plans were jointly announced by Gov. Brian Kemp and Hyundai Chairman Char Euisun Chung.

Once completed, the plant will create an estimated 8,100 jobs for the Georgia coastal region, the officials said.

Kemp called it, “the largest economic plan we have ever done in the state’s history.”

Hyundai already has a presence in Georgia, with a network of subsidiaries and suppliers, and a factory making the Kia model in the town of West Point, near the Alabama state line.

But the factory would be Hyundai’s first dedicated EV and battery site in the U.S.

Construction will begin in January 2023. When completed in the first half of 2025, the plant will be able to make 300,000 units a year.

The funding is part of Hyundai Motor’s pledge of a $7.4 billion investment in the U.S. to raise green car sales by 50% and to have 3.2 million on roads around the world by 2030.

“We decided to build our first dedicated EV plant in the U.S. because America embraces change and drives innovation,” said Jaehoon Chang, president and CEO of Hyundai Motor Company. “This new EV plant is the future of our business, and it will help us meet the growing demands of our U.S. customers who want leading edge design, safe, zero-emissions vehicles now and in the future.”

Savannah Mayor Van Johnson applauded the planned development of the electric vehicle plant but said along with the good, the plans present some challenges to the community as well.

“The plant opens in 2025. What are we going to do to get our young people prepared to take advantage of these job opportunities when they come?” he asked.

“What I plan to do is make sure that we have some type of pathway, working with our board of education, working with our technical colleges, to make sure that Savannians are prepared to be a part of this exciting future.”

The Kemp administration has been working to create a significant regional hub for the electric vehicle industry, centered around the Port of Savannah, one of the nation’s busiest ocean terminals.

Dan can be reached at [email protected] and at https://twitter.com/DanMcCue.

A+
a-
  • electric vehicles
  • Savannah
  • In The News

    Health

    Voting

    In The States

    March 26, 2024
    by Dan McCue
    Sen. Blumenthal Lauds Expansion of Tax Credit for Offshore Wind Projects

    NEW LONDON, Conn. — Sen. Richard Blumenthal, D-Conn., visited State Pier in New London, Connecticut, on Monday to tout and... Read More

    NEW LONDON, Conn. — Sen. Richard Blumenthal, D-Conn., visited State Pier in New London, Connecticut, on Monday to tout and celebrate the Biden administration’s decision to expand eligibility of federal tax credits for offshore wind projects. “This tax credit has been a long time in coming,”... Read More

    Biden and Harris Team Up for Health Care Event in North Carolina

    WASHINGTON (AP) — President Joe Biden and Vice President Kamala Harris will promote their health care agenda on Tuesday in... Read More

    WASHINGTON (AP) — President Joe Biden and Vice President Kamala Harris will promote their health care agenda on Tuesday in North Carolina, a battleground state that Democrats hope to flip in their favor after falling short to Donald Trump in the last two presidential elections. Fourteen... Read More

    Cargo Ship Hits Baltimore's Key Bridge, Bringing It Down

    BALTIMORE (AP) — A container ship rammed into a major bridge in Baltimore early Tuesday, causing it to snap and... Read More

    BALTIMORE (AP) — A container ship rammed into a major bridge in Baltimore early Tuesday, causing it to snap and plunge into the river below. Several vehicles fell into the chilly waters, and rescuers searched for survivors. It was also not clear what caused the cargo... Read More

    March 25, 2024
    by Tom Ramstack
    DC Attorney General Warns Sports Teams About Relocating to Virginia

    WASHINGTON — The District of Columbia’s attorney general is invoking a contract provision with local professional sports teams in the... Read More

    WASHINGTON — The District of Columbia’s attorney general is invoking a contract provision with local professional sports teams in the city’s latest bid to keep them from relocating to Northern Virginia. D.C. Attorney General Brian Schwalb told Monumental Sports and Entertainment in a letter last week... Read More

    March 22, 2024
    by Tom Ramstack
    Judge Upholds DC Law Giving Noncitizens Voting Rights

    WASHINGTON — A federal judge dismissed a lawsuit Thursday against the District of Columbia Board of Elections that sought to... Read More

    WASHINGTON — A federal judge dismissed a lawsuit Thursday against the District of Columbia Board of Elections that sought to invalidate a law giving noncitizens a right to vote in local elections. The Local Resident Voting Rights Amendment Act would allow anyone who is a resident... Read More

    Republican Majorities Block Efforts to Expand Medicaid in Georgia and Kansas

    ATLANTA (AP) — Plans to expand Medicaid coverage to over half a million more people in Georgia and Kansas were... Read More

    ATLANTA (AP) — Plans to expand Medicaid coverage to over half a million more people in Georgia and Kansas were defeated by Republican-led committees in the states' legislatures Thursday. There are currently only 10 states that don’t cover people with incomes up to 138% of the federal poverty... Read More

    News From The Well
    scroll top