Georgia to announce $7 billion Hyundai EV investment as Biden visits Seoul - sources

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WASHINGTON/SEOUL : Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters.The South Korean auto group, which houses Hyundai Motor Co and Kia C

WASHINGTON/SEOUL : Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters.

Reuters reported on May 9 that Hyundai was in talks to build an EV-manufacturing plant in the United States and had held discussions with Georgia officials. On Wednesday, White House National Security Adviser Jake Sullivan said Biden"will engage with technology and manufacturing leaders in Korea who are mobilising billions of dollars in investment here in the United States to create thousands of good-paying American jobs."

 

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