Georgia Governor Brian Kemp is set to announce that Hyundai is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul
Hyundai Motor Group declined to comment.Kemp's office said on Wednesday he would make a "special economic development announcement" in Bryan County, near the port city of Savannah, on Friday. The Atlanta Journal Constitution reported the investment would create more than 8,500 jobs.
The Associated Press said on Friday that Hyundai could also build some cars powered by gasoline engines at the site. The Hyundai group, the world's third-biggest automaker by vehicle sales, said last year it planned to invest $7.4 billion in the United States by 2025 to produce EVs, upgrade production facilities expand investment in smart mobility solutions - technology to improve different modes of transportation in cities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors Withdraw Over $7 Billion From Tether, Raising Fresh Fears About Stablecoin's BackingTether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday.
Read more »
Biden's daughter tests positive for COVID-19, cancels overseas trip with first ladyPresident Biden's daughter Ashley Biden tested positive for COVID-19, the White House announced on Wednesday, adding she will not be traveling with First Lady Jill Biden on her upcoming overseas trip.
Read more »
Uber Announces New EV Hub, EV Charging Map, & Comfort ElectricUber announced the launch of its new EV Hub and Comfort Electric which will help its goal of putting 50,000 Tesla EVs on the road by 2023
Read more »
State investigating why accused Buffalo shooter was allowed to buy a gun after threatsNew York has what’s known as a 'Red Flag law' that’s supposed to block people thought to be a threat to themselves or others from purchasing weapons.
Read more »
Hyundai's luxury Genesis brand opens US orders for its first EV | EngadgetThe GV60 starts at $58,890 and can use facial recognition to unlock the doors..
Read more »
Al Gore's Generation Investment launches $1.7 bln fundAn investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called a sustainable future.
Read more »