Report: Hyundai to Announce Georgia EV Plant
Reports indicate that Hyundai will announce plans for an EV assembly plant in Georgia during President Joe Biden’s visit to South Korea.
Biden travels to South Korea next week as part of his first trip to Asia as president, and the White House and the Korean automaker have reportedly been in talks about the plant. A formal announcement is expected either May 20 or 21 when Biden visits Seoul.
The plant will be in the Savannah, Georgia, area. Plans are for it to occupy a 2,200-acre site 25 miles inland from Savannah that’s currently under state and local government ownership and create up to 8,500 jobs. We’ll note that readers should take those numbers with a grain of salt, since plans aren’t formalized and could change.
Sources also tell CNBC that Hyundai could invest up to $7 billion and also build some internal-combustion engine cars at the plant, as well.
This follows on the heels of last year’s announcement that EV startup Rivian is set to spend $5 billion on a plant 45 miles from Atlanta — one that reportedly will create 7,500 jobs.
Report: Hyundai May Choose Georgia for EV Plant
[Image: Hyundai]
“Report: Hyundai May Choose Georgia for EV Plant” — The Truth About Cars
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Whatever number of jobs it creates is more jobs than were in that spot before so good for them. Also nice to see American cars (oh wait!) actually made in America by Americans for Americans, and likely to provide the local populace with wages as well as likely to be profitable for the American (oh wait again!) manufacturer. At what point is a Hyundai EV built in Georgia more American than a Mustang Mach-E hecho en Mexico?
Another day, another big announcement coming for Georgia. Meanwhile,every company avoids California like the disaster that it is. We welcome all to Georgia. This county (Bryan) is about 45 minutes from my condo in Savannah. It is so much fun seeing Georgia thrive. We just scored on that ginormous Rivian plant. They can all come and build we have plenty of land and won't regulate them like California to death. Soon our nucelar plants (plant Vogtle) will come online. Plenty of electricity. Georgia welcomes you all. Pro business policies and stopping greenies is key to Georgia's success.
As GM slips into second in US sales foreign companies are building more vehicles in the states. With just 13.3% of the US market, GM will slip even further behind. "You led Mary"
I have no interest in GM's internal politics. What concerns me is that the company is losing market share faster than any other major carmaker. Since 2015 GM has lost a 6% market share. From 2000 they have gone from selling 11 million vehicles to just 6 million today. As of 2021, GM has slipped to fifth place in international sales behind even Nissan.