Georgia governments and development authorities offered Hyundai Motor Group more than $1.8 billion in incentives.
In May, Hyundai said it had selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility. The plan calls for Hyundai to invest more than $5.5 billion in building the facility in the 2,923-acre Bryan County Megasite along Interstate 16, while non-affiliated Hyundai suppliers plan to invest roughly $1 billion in the project.
Hyundai Motor Group has selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility and plans to invest more than $5.5 billion to build the facility.
The plant will be located at the 2,923-acre Bryan County Megasite along Interstate 16 and served by the Georgia Central Railway. It is less than 30 miles from the Port of Savannah.
Hyundai Motor Co. has held discussions with Georgia officials about building its new electric vehicle manufacturing plant in the state, according to reports.
It is unclear whether Georgia might offer tax incentives to lure Hyundai to the state.