Sources: Hyundai to set $7B US plant during Biden Asia visit

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Sources: Hyundai to set $7B US plant during Biden Asia visit
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A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia.

FILE -- Gov. Brian Kemp stands next to a Rivian electric truck while announcing the company's plans to build a $5 billion plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. Georgia officials could announce a second massive electric vehicle plant to be built by Hyundai near Savannah in coming days.

The White House and Hyundai have been in discussions about the project, which is expected to bring thousands of new jobs to Georgia, and the formal announcement is likely during Biden’s scheduled May 20-21 visit to Seoul, according to the official who was not authorized to comment and spoke on the condition of anonymity.The plant could grow to include 8,500 employees and would be built on a 2,200-acre , said two people familiar with Georgia’s talks with Hyundai.

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