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

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Following weeks of speculation, Hyundai Motor Group today formally revealed intentions [{ "selector": ".uwzfc-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

to invest more than $5.5 billion in an electric vehicle and battery production facility in Savannah, Georgia. [{ "selector": ".bardm-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

According to many sources, Hyundai examined North Carolina before settling on Georgia for the project, which is estimated to create 8,100 jobs. [{ "selector": ".sczbs-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

"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. [{ "selector": ".nwfum-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Rhoades did not specify which North Carolina megasites Hyundai had investigated, but it appears to have been both [{ "selector": ".gdoqr-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Triangle Innovation Point and Chatham-Siler City Advanced Manufacturing Site in Chatham County (CAM). [{ "selector": ".ekkgs-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

"We discussed a fairly similar proposal for both TIP and CAM," stated Michael Smith, president of the [{ "selector": ".tzfsx-a", "duration": "500ms", "fill": "forwards", "delay": "1250ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

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

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