Hyundai to Build $5.5 Billion US Electric Vehicle Plant, as New Tax Law Dims Sales Outlook

The 2023 Genesis GV60, an all-electric SUV that has an EPA-estimated range of up to 248 miles. Courtesy of Hyundai Motor America via AP

South Korean automaker Hyundai Motor publicly broke ground at an opening ceremony for a $5.54 billion electric vehicle (EV) and battery plant in Georgia.

The new plant in Bryan County, which is 30 miles west of Savannah, is the biggest economic development project in Georgia’s history, after a series of new EV and battery project openings in the state.