Georgia to announce $7 bln Hyundai EV financial commitment as Biden visits Seoul – sources

WASHINGTON/SEOUL, Could 19 (Reuters) – Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing far more than $7 billion in the point out, an announcement coinciding with a pay a visit to by President Joe Biden to Seoul, resources advised Reuters.

The South Korean automobile group, which residences Hyundai Motor Co (005380.KS) and Kia Corp (000270.KS), will build a plant to make electric powered autos (EVs) in south Ga, the sources said.

Hyundai Motor Group declined to comment.

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Kemp’s business said on Wednesday he

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