NEWS: Sen. Ossoff Helps Secure Historic Korean Investment in Georgia Electric Vehicle Manufacturing

Sen. Ossoff led an economic delegation to Seoul last year, urged Hyundai to invest in Georgia

Sen. Ossoff widely credited for helping broker deal between SK and LG in April 2021 to save electric vehicle battery production plant in Commerce, Georgia

According to reports, Hyundai will partner with SK to power select Hyundai EVs with Georgia-made SK batteries

Hyundai Chairman Euisun Chung thanks Sen. Ossoff for his work and support

Bryan County, Ga. — Following months of behind-the-scenes work by U.S. Senator Jon Ossoff, HyundaiMotor Company today formally announced a historic new electric vehicle and electric vehicle battery manufacturing plant in Bryan County, Georgia.

According to Hyundai, the $5.54 billion investment will create roughly 8,100 jobs in Georgia.

Over the last year, Sen. Ossoff worked closely with Hyundai Chairman Euisun Chungand other Hyundaiofficials to urge further investment in Georgia and secure this deal, coming after he was widely credited for helping to negotiate a settlement between SK Innovation and LG last year that saved the $2.6 billion SK electric vehicle battery plant in Commerce, Georgia.

Sen. Ossoff led an economic delegation to Seoul last November with a goal of securing additional investment in Georgia. He met with Hyundai Chairman Euisun Chung and top officials, as well as other key Korean companies, including SK, LG, and Hanwha, which operates the Q Cells solar module manufacturing plant in Dalton, Georgia, to urge more Korean investment in the state.

“When I led an Economic Delegation to South Korea last fall, attracting Hyundai’s investment in Georgia was a key goal. This multibillion-dollar opportunity for Georgia will create thousands of jobs and grow Georgia’s reputation as a world leader in automotive and clean energy manufacturing,” Sen. Ossoff said.

“As one of the world’s most successful and advanced mobility leaders, we are incredibly proud to share our plan to open our first dedicated full EV and battery manufacturing facilities in the U.S.,” said HyundaiMotor Group Executive Chair Euisun Chung. “The U.S. has always held an important place in the Group’s global strategy, and we are excited to partner with the State of Georgia to achieve our shared goal of electrified mobility and sustainability in the U.S. We appreciate the continued support of Governor Brian Kemp, Senator Jon Ossoff, Senator Raphael Warnock and other Georgia elected officials.”

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Sen. Ossoff met with top Hyundai executives in Seoul last November
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Sen. Ossoff and Hyundai Chairman Euisun Chung following their meeting in Seoul last November 

According to Hyundai, the EV and battery manufacturing plant will be located on a dedicated 2,923-acre site in Bryan County Georgia, with immediate access to I-95 and I-16 highways, which creates easy access to 250 major metro areas.

The site is less than 50 kilometers from the Port of Savannah, the single-largest and fastest-growing container terminal in the U.S. with two Class I rail facilities on-site provided by Georgia Central Railway. 

West Point, Georgia, is already home to Kia’s manufacturing hub in the U.S.

Additional background from a Sen. Ossoff Spokesperson:

  • Sen. Ossoff has long championed making Georgia the clean energy manufacturing hub in the United States, and making the United States the world leader in clean energy manufacturing.
  • Sen. Ossoff worked personally with Hyundai Chairman Euisun Chungand top Executives over the last several months to secure this investment in the state of Georgia.
  • Last November, Sen. Ossoff led an economic delegation to the Republic of Korea where he met with top executives, including Hyundai Chairman Euisun Chungand other Hyundai officials.
  • During their meeting, Sen. Ossoff and the Hyundai executives discussed the possibility of further investments in clean energy technology manufacturing in Georgia, which became more attractive thanks to the SK electric vehicle battery plant in Commerce, which Sen. Ossoff helped save.
  • After Sen. Ossoff was widely credited for helping to negotiate the settlement between SK Innovation and LG last April, saving the 2,600-job electric vehicle battery plant in Commerce, Sen. Ossoff began courting additional Korean Foreign Direct Investment in Georgia and the United States.
  • According to reports, Hyundai will partner with SK to power select Hyundai EVs with Georgia-made SK. Hyundai and SK announced a joint venture last year.
  • In the weeks and months after Sen. Ossoff’s economic delegation, he and his staff remained in close contact with Hyundai officials in Korea and the U.S. to continue urging them to choose Georgia for their historic investment.

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