Hyundai has announced it will build a vehicle and battery manufacturing complex in Southeast Georgia which will create more than 8,000 jobs.

Hyundai will invest more than $5.5 billion in a nearly 3,000-acre site west of Savannah in Bryan County, Georgia.

Construction on what is expected to be Georgia’s largest economic development project in history is set to begin early next year. The operations are set to begin in the first half of 2025.

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The company claims that the state-of-the-art factory will have a 300,000-unit yearly production capability for electric automobiles and batteries.

The site is the firm’s first production complex in the U.S. dedicated exclusively to electric vehicles.

Euisun Chung, the executive chairman of Hyundai Motor Group, said: “The U.S. has always held an important place in the [Hyundai] Group’s global strategy, and we are excited to partner with the state of Georgia to achieve our shared goal of electrified mobility and sustainability in the U.S.”

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Hyundai officials said the automaker’s suppliers will invest an additional $1 billion in the project.

The business chose Southeast Georgia because of its speed-to-market capabilities, local labor, and carbon-neutrality prospects, as well as the state’s existing network of Hyundai subsidiaries and suppliers.

Source: ThomasNet

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