- Georgia Governer Brian Kemp is set to announce a $7 billion investment by Hyundai Motor Company HYMTF on Friday, Reuters reported.
- The announcement is expected to coincide with U.S. President Joe Biden’s visit to Seoul.
- The auto giant is planning to build a plant in Georgia to produce electric vehicles (EVs).
- The report cited Atlanta Journal-Constitution that the investment would create more than 8,500 jobs.
- Hyundai reportedly plans to invest $16 billion in South Korea through 2030 to expand EV production.
- Price Action: HYMTF shares closed higher by 0.14% at $35.30 on Wednesday.
- Photo Via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
