By on May 13, 2022

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]

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14 Comments on “Report: Hyundai to Announce Georgia EV Plant...”

  • avatar

    I’m all for as many auto manufacturing jobs as we can get. Good for Georgia.

  • avatar

    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?

  • avatar

    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.

    • 0 avatar
      Art Vandelay

      You had me.right up until Plant Vogtle. How many years and billions over budget? Last I read it run around 180 years to break even. I’m all for Nuclear Energy, but Southern Company should serve as an example of how not to do it. Additionally the AP1000 is already obselete.

  • avatar

    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”

    • 0 avatar

      GM has been in a managed decline since MY 1973 with a few pops of success here and there. The goal for GM is to again declare bankruptcy and wash, rinse and repeat the Auto Bailout of years past. GM is run like the Federal Govt., systematic failure ’till collapse. Run by sociopaths, funded by taxpayers.

      • 0 avatar

        Yes, but then they will have to close more brands. There are not much left actually. I think for GM social justice is more important than making cars. I would suggest GM to buy Facebook, or Twitter, to be able to compete with Tesla.

      • 0 avatar

        Except for a few duds like the Vega, GM was a healthy company in 1973. They were without a doubt the world’s largest carmaker. Today they are in sixth place and slipping. From 1931 to 2008 GM was the world’s largest carmaker. Last year GM lost its 90-year title as the largest US carmaker to Toyota. What is troubling is Toyota is still leading GM in the first quarter of 2022.

  • avatar

    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.

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