ATLANTA — South Korean automaker Hyundai Motor Group is expected to confirm later this week that it’s building a massive electric vehicle plant in Bryan County, according to a U.S. official familiar with the anticipated announcement.
The Atlanta Journal-Constitution reported last week that Hyundai Motor Group is negotiating for a site along I-16 in Bryan County, known as the Mega Site, for a factory that would manufacture electric vehicles.
The White House and Hyundai have been in discussions about the project, which is expected to bring thousands of new jobs to Georgia, and the formal announcement is likely during President Joe Biden’s scheduled May 20-21 visit to Seoul, according to the official who was not authorized to comment and spoke on the condition of anonymity.
The official stressed though that details of the formal announcement are still being worked out.
The plant could grow to include 8,500 employees and would be built on a 2,284-acre site that state and local government own near Ellabell off Exit 143, said two people familiar with Georgia’s talks with Hyundai. The location is about 30 miles from Statesboro. The second person said Hyundai would invest more than $7 billion and could also build some cars powered by gasoline engines at the site, with an announcement in Georgia set for Friday, May 20. The people spoke on the condition of anonymity to discuss the confidential talks.
It would be the second huge electric vehicle plant announced in Georgia in less than a year. Rivian Automotive in December announced it would build a $5 billion, 7,500-job electric truck plant about 45 miles east of Atlanta.
“Hyundai Motor Group is committed to accelerating electrification in the U.S.,” said spokesperson Michelle Tinson. “We will announce the location of our new US EV plant soon.”
Biden is heading to South Korea and Japan for talks with those two countries’ leaders. He also will meet during that trip with leaders from the Indo-Pacific strategic alliance with the U.S. known as the Quad: Australia, India and Japan.
South Korean President Yoon Suk-yeol, who took office earlier this week, pledged during his campaign to strengthen U.S.-South Korea ties.
U.S. Sen Raphael Warnock, a Georgia Democrat, met with Kia officials Tuesday. “I tell business leaders regularly: Georgia is open for business,” Warnock said, not mentioning the possibility of the plant.
Hyundai Motor Group sells cars under the Hyundai and Kia brands.
The announcement would come in the closing days before Georgia's May 24 primary elections and could be a last-minute boost to Gov. Brian Kemp. The Republican incumbent leads in polls in his effort to hold off a challenge from former U.S. Sen. David Perdue and others in the GOP primary.
The South Korean automaker would add a third American assembly plant to the Hyundai factory in Montgomery, Alabama, and a Kia factory in West Point, Georgia.
While it's unclear what models would be assembled at the Mega Site plant, Hyundai announced plans to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade plants and develop technology. The company plans to start building hybrid and electric vehicles at its Montgomery plant by this fall, investing $300 million.
Kemp has cultivated ties to the Korean automaker, part of a push to deliver jobs to parts of Georgia outside Atlanta and to build Georgia's position in the electric vehicle industry. South Korean conglomerate SK Group is building a $2.6 billion complex to make batteries for electric vehicles in Commerce, northeast of Atlanta.
“There was a reason I made my first economic development trip to South Korea and visited with great companies like Kia and Hyundai and a lot of others. We've got a great partnership with them and a lot of other South Korean companies, and we have for a long time,” Kemp said last week.