The same state where Rivian is preparing to break ground on its controversial plant, Georgia, will be home to an EV factory fromHyundai.
The state's goal of becoming a major regional hub for the EV industry will be furthered by the $6.5 billion EV and battery manufacturing facility that will be built outside of the city. The Peach State wants to establish a closed-loop battery-electric system that includes rare earth mining, battery and chip production, and auto parts manufacturing, according to state officials.
Georgia officials said Friday that the largest economic development deal recruited by the state was the $1 billion capital investment byHyundai. The 2,293-acre site is expected to create 8,100 jobs.
Georgia has become aggressive in its efforts to attract manufacturers, awarding Rivian the state's largest-ever incentives package of $1.5 billion to build a plant on 2,000 acres east of Atlanta. Rivian will hire 7,500 workers at an average annual salary of $56,000 by the end of the century. The project has stirred up a lot of local controversy, ranging from land preservation to the use of tax dollars.
The issue became political as opponents of the Rivian plant mobilize against Gov. Brian Kemp ahead of his race for re-election in November.
Rivian is planning to open by early 2024.
Four Georgia counties collaborated to use proceeds from the sale of property to Amazon to help fund the land purchase. A mega-site for a large manufacturer was created by pooling the plots of the partnership.
The plant will be able to build 300,000 vehicles per year.
The state hopes to get more mega-site manufacturing projects to come to it.
A South Korean EV battery maker is building a $2.6 billion battery complex. Ford and Volkswagen have contracts with the company, which said it will be able to power 310,000 electric vehicles annually.
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