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Hyundai to invest in $5.5 billion factory near Savannah

@GovKemp / Twitter
Governor Brian Kemp speaks at an event marking Hyundai's $5.5 billion announcement.

Hyundai Motor Group will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ at least 8,100 workers.

It will be Hyundai’s first U.S. plant dedicated to assembling electric vehicles and will also produce vehicle batteries. The company says it will start construction early next year and in 2025 begin producing up to 300,000 vehicles per year.

This is the second majorelectric vehicle plant announced in Georgia in less than a year. Rivian Automotive plans to build a $5 billion electric truck plant in Walton and Morgan counties south of Athens, which is expected to employ about 7,500 workers.