Hyundai is building facilities dedicated to manufacturing electric vehicles (EVs) and batteries in Savannah, Georgia, marking Hyundai’s first EV-only plant in the US (via CNBC). The South Korean automaker will spend $5.5 billion on the new facilities and will receive an additional $1 billion investment from its suppliers.
Hyundai expects production at the 2,923-acre site to begin in the first half of 2025, with construction starting in early 2023. The EV factory is set to make 300,000 vehicles per year and will add around 8,100 new jobs. Hyundai doesn’t specify which EV models will be manufactured at the plant — it only hints at a “wide range” of models hitting Georgia’s assembly lines. The company doesn’t reveal much about its…