Hyundai’s $5.4 billion factory in the United States

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United States Hyundai Car Company has officially announced plans to build a $5.4 billion EV factory in Georgia. Hyundai has reached an agreement with the state of Georgia to build what it claims will be its first dedicated electric vehicle and battery manufacturing plants. It must be said that Hyundai has taken a step in line with their ambition to participate in electric mobility in the US market.

Therefore, the agreement was signed at a ceremony in Bryan County attended by Hyundai Motor Company President and CEO Jaehoon Chang and Hyundai Motor President and Chief Operating Officer José Muñoz, along with Georgia Governor Brian P. Kemp and other Georgia state officials for the construction.

After that, the executive chairman of Hyundai Motor Group, Euisun Chung, also participated in the signing ceremony. So, Hyundai Motor Group Executive Chairman Euisun Chung said about the signing ceremony

“The United States is an important part of the global strategy, and we are excited about this partnership to help us achieve our goals of electric mobility and sustainability.”

He said.

Hyundai will build their EV and battery manufacturing facilities on 2,923 acres in Bryan County. As for them, in 2025, they will invest up to 7.4 billion dollars. And they expect to break ground in early 2023 and begin commercial production in the first half of 2025.

Since, the EV factory’s annual production capacity is 300 units. It is estimated that there will be 000. And on the other hand, the battery manufacturing plant will be built through strategic cooperation. Details have not yet been released. However, Hyundai has also said that it intends to produce a wide range of electric vehicles for US car buyers as these facilities. It is also expected to create 8,100 job opportunities from this project.

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Kamolvattanavith grew up in Bangkok, Thailand, in a conservative household. Her mother was an investor, while her father managed a golf course and factory. Despite the family’s physical closeness, Kamolvattanavith always felt emotionally detached from her parents. “There was distance between us. I didn’t understand them, they didn’t understand me,” she says. “They didn’t believe that women should be as vocal as men or have as much social power as men, and that was something that really bothered me.” More troubling, it was something that played out in Kamolvattanavith’s household quite often. “My opinions and thoughts – anything I was saying – were being repressed because of our differences in views,” the Thai says. “I was the girl with a lot of opinions and a lot of things to say. I was very vocal, especially about my thoughts, even if they went against the grain.” Because of that family dynamic, Kamolvattanavith wanted out. So in middle school, she began plotting a way to study at the next level in the United States. However, there was one thing standing in the way of her ambitions – money. Around the same time that Kamolvattanavith was planning her move to the U.S., her family experienced financial hardship. “We ended up losing a significant amount of money with a business decision [my parents] made, and that was a financial turning point for us,” she recalls. “My parents had to start a new business, because they really had to support the family and carry on this financial burden. They had to start something fresh so they could pay off everything and recover financially.” Still, the young Thai wouldn’t let that stop her. She began to apply to schools on her own and when accepted, the future investigative journalist asked an uncle to help cover the expenses. “I think he was more understanding. He was the most encouraging out of everyone. He saw the value I could gain by leaving home. He also helped convince my parents,” she says.

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