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

Following weeks of speculation, Hyundai Motor Group today formally revealed intentions 

to invest more than $5.5 billion in an electric vehicle and battery production facility in Savannah, Georgia.

According to many sources, Hyundai examined North Carolina before settling on Georgia for the project, which is estimated to create 8,100 jobs.

"Yes, we were involved in this effort," said David Rhoades, a spokesperson for the North Carolina Department of Commerce, to Triangle Business Journal, a sister magazine of CBJ.

Rhoades did not specify which North Carolina megasites Hyundai had investigated, but it appears to have been both 

Triangle Innovation Point and Chatham-Siler City Advanced Manufacturing Site in Chatham County (CAM).

"We discussed a fairly similar proposal for both TIP and CAM," stated Michael Smith, president of the

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