South Korean automaker Hyundai Motor Group is expected to announce next week that it will break ground on a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement.
Hyundai is finalizing those plans as President Joe Biden is set to travel to South Korea next week as part of his first visit to Asia during his presidency. The White House and Hyundai have been in discussions about the project, which is expected to bring thousands of new jobs to Georgia.
The plant could grow to include 8,500 workers and would be built on a 2,200 acre site that state and local governments own near the town of Ellabell.
Another report says Hyundai would invest more than $7 billion and could also build some cars powered by gasoline engines at the site, with an announcement in Georgia set for May 20.
