NC loses $5.5 billion, 8,100-job Hyundai manufacturing project to Georgia – WSOC TV

CHARLOTTE — After weeks of speculation, auto giant Hyundai Motor Group today officially announced plans to invest more than $5.5 billion in an electric vehicle and battery manufacturing plant in Savannah, Georgia.

Multiple sources confirm that Hyundai considered North Carolina before choosing Georgia for the project, which is expected to create 8,100 jobs.

“Yes, we were committed to this project,” said David Rhoades, a spokesman for the North Carolina Department of Commerce. triangular Business Diary, an CBJ sister post.

Rhoades did not say where Hyundai had considered in North Carolina, but it appears to have been mega-sites in Chatham County: Triangle Innovation Point and Chatham-Siler City Advanced Manufacturing Site (CAM).

“We talked to a very similar project for both TIP and CAM,” said Michael Smith, president of the Chatham Economic Development Corp.

The Hyundai project was codenamed “Project EA” with the Department of Commerce. Smith said his project had the same code name.

Keep reading here –> bit.ly/3wwWuUh

(WATCH BELOW: The group hopes to recruit high school students to join manufacturing jobs)

Add Comment