Friday, 24 March, 2023

Hyundai to open $6.5B EV factory in Georgia

<p>Hyundai has announced plans to build an EV factory in Georgia, the same state where Rivian is set to begin construction on its contentious plant. The $6.5B EV and battery manufacturing plant will help the state achieve its objective of becoming a regional EV hub. On the 2,293-acre property, Hyundai plans to employ 8,100 people. Rivian intends to start construction this summer and open in early 2024. The plant will be able to power 310,000 EV each year.</p>