Hyundai to open $6.5B EV factory in Georgia

Hyundai is the latest automaker to announce plans to open an EV factory in Georgia, the same state where Rivian is preparing to break ground on its controversial plant.
Hyundai’s $6.5 billion EV and battery manufacturing facility outside of Savannah will further the state’s goal of becoming a major regional hub for the EV industry. As sales of electric vehicles start to surge, the Peach State aims to establish a statewide, closed-loop battery-electric ecosystem that includes rare earth mining, battery and chip production, and auto parts manufacturing, according to state officials.
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