![]() Hyundai separately committed to having its suppliers invest $1 billion in Georgia manufacturing operations. Hyundai has committed to hiring at least 8,100 by the end of 2031, and the average Hyundai wage is listed as more than $58,000. Hyundai’s incentive deal is similar to the one struck with Rivian and made public in May.Īmong the elements of the agreement unveiled Friday is Hyundai’s commitment to spend at least $5.5 billion on two plants, one making electric vehicles, the other batteries with a partner. Hyundai is the parent of the Hyundai, Kia and Genesis brands and the company has bold plans to transform its fleet in the coming years. “And that’s the problem with these deals… and we’re worried that a lot of states are overspending right now at a time when a lot of people think there’s going to be a recession and tax revenues will go back down.” Tax credits, free land part of pitch “Many states, especially Georgia, are really opening up their wallets wide (to EV companies) for many years,” said Greg LeRoy, executive director of left-leaning incentives watchdog Good Jobs First. Tennessee, Texas, North Carolina, Michigan and Kentucky are among the states that have announced major EV or battery factories in recent years, from names including Tesla, Ford and General Motors. States have launched unprecedented bidding wars to land EV and battery plants. The future Hyundai factory’s payroll “will reach $4.7 billion over 10 years,” he said. Wilson said the project, known as the Hyundai Motor Group Metaplant America, and its battery joint venture operations, will attract thousands of additional jobs from suppliers that will locate nearby. Morton for The Atlanta Journal Constitution ![]() I understand that I may at any time withdraw my consent.Credit: Stephen B. ![]() I understand that information may be shared with the Hyundai service providers described in the Privacy Policy for these purposes. and Hyundai dealers using the personal information that I have provided in order to contact me via channels other than e-mail and other commercial electronic messages covered by applicable anti-spam law about services, surveys, marketing material, product information, promotions and offers which may be of interest to me and about any other matters described in Hyundai Auto Canada Corp.’s Privacy Policy. I understand that at any time I may withdraw my consent to receiving e-mails and other commercial electronic messages. (135 Liberty Street, 2nd Floor, Toronto, Ontario M6L 1A7) sending me such communications in the event that I am or become an owner of a Hyundai vehicle, which is supplied with a Sirius XM trial subscription. (123 Front Street West, Suite 1900, Toronto, Ontario M5J 2M2) sending me e-mails and other commercial electronic messages covered by applicable anti-spam law about services, surveys, marketing material, product information, promotions and offers that may be of interest to me and about any other matters described in Hyundai Auto Canada Corp.’s Privacy Policy, and I also consent to the use by such entities of the personal information I have provided for these purposes. I consent to Hyundai Auto Canada Corp., Hyundai dealers and Hyundai Capital Canada Inc. ![]()
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