Hyundai is betting big on American electric vehicle sales. The automaker has struck a deal with Georgia to build its first dedicated EV factory in the US. The 2,923-acre plant near Savannah will make cars and batteries when production is projected to start in the first half of 2025. Construction starts in early 2023. The company expects to manufacture 300,000 EVs per year at the facility, covering a “wide range” of models.
Multiple factors led to the location choice. Hyundai pointed to “favorable business conditions” that included speedy market access, a large talent pool and an existing network that includes Kia’s main manufacturing hub as well as suppliers. Unnamed
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