CHARLOTTE — After weeks of speculation, auto giant Hyundai Motor Group today officially announced plans to invest more than $5.5 billion in an electric vehicle and battery manufacturing plant in Savannah, Georgia.
Multiple sources confirm that Hyundai considered North Carolina before choosing Georgia for the project, which is expected to create 8,100 jobs.
“Yes, we were involved in this project”, David Rhoadspokesperson for the North Carolina Department of Commerce, said Triangle Business Diary, a JCB sister publication.
Rhoades did not specify where Hyundai had planned to go in North Carolina, but it appears to be Chatham County’s two megasites – Triangle Innovation Point and Chatham-Siler City Advanced Manufacturing Site (CAM).
“We talked about a very similar project for TIP and CAM,” said Michael Smithpresident of Chatham Economic Development Corp.
The Hyundai project was codenamed “Project EA” with the Department of Commerce. Smith said their project had the same codename.
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