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Georgia’s Kemp Racks Up EV Wins as Hyundai to Invest $5.5 Billion

  • Korean automaker to create 8,100 jobs near port of Savannah
  • Hyundai project follows Rivian, SK Innovation EV projects
Brian Kemp talks to the media following a campaign event on May 17.
Brian Kemp talks to the media following a campaign event on May 17.Photographer: Elijah Nouvelage/Getty Images
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Georgia Governor Brian Kemp announced another electric-vehicle megadeal ahead of his primary on Tuesday: Hyundai Motor Co. is investing $5.5 billion to build an EV assembly and battery plant near the port city of Savannah.

The Korean automaker expects to create 8,100 new jobs with the twin plants, and will break ground early next year, the company said in a statement. Hyundai’s first dedicated EV assembly plant will start production in 2025, with an annual capacity of 300,000 vehicles. Hyundai said it will disclose its “strategic partner” for the battery plant at a later date.