Georgia

South Korean automaker Hyundai Motor Group is expected to announce next week that its building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement.Hyundai is finalizing those plans as President Joe Biden is set to travel to South Korea next week as part of his first visit to Asia during his presidency.The White House and Hyundai have been in discussions about the project, which is expected to bring thousands new jobs to Georgia, and the formal…

South Korean automaker Hyundai Motor Group is expected to announce next week it's building a massive electric vehicle plant near Savannah, Georgia, according to a U.S. official familiar with the anticipated announcement. Hyundai is finalizing its plans for the new plant as President Joe Biden is set to travel to South Korea next week as part of his first visit to Asia during his…

The state of Georgia offered Rivian $1.5 billion in tax incentives for the buzzy EV company to build a factory east of Atlanta, according to documents signed by the company and local officials in the state. The factory will cost $5 billion to construct, and eventually produce 400,000 electric vehicles a year. In order to receive the money, Rivian agrees to create 7,500 jobs, with an average wage of $56,000 a year, plus benefits, by the end of 2028. Georgia officials are portraying the agreement as the largest economic…

Gov. Brian Kemp walks past a Rivian electric truck after announcing that electric truck maker Rivian Automotive will build a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. The state announced on Monday, May, 2, 2022, that it and local governments had agreed to offer Rivian $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant. Credit: AP…

Rivian announced today that it secured the incentive packaged, expected to be worth up to $1.5 billion if fully realized, for its upcoming electric vehicle factory in Georgia. In December, not long after it started production of its first electric vehicles at its Illinois factory, Rivian announced a new $5 billion electric vehicle factory in Georgia. Rivian managed to negotiate an impressive incentive package with the state. It is valued at $1.5 billion if the investment from the company is fully completed within…

Gov. Brian Kemp stands next to a Rivian electric truck while announcing the company's plans to build a $5 billion plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. Some residents oppose the plant, saying it will spoil their rural quality of life. Credit: AP Photo/John Bazemore, File Opponents trying to derail a $5 billion, 7,500-job electric truck plant in Georgia dominated a state…