At a May 20, 2022, signing ceremony, Governor Brian P. Kemp and Hyundai Motor Group Chairman Chung Euisun announced that Hyundai Motor Group would open a state-of-the-art facility at the Bryan County Megasite and invest $5.54 billion in opening its first state-of-the-art U.S. smart factory and delivering an estimated 8,100 new jobs to Georgia’s coastal region. At the time, it was announced Hyundai suppliers would invest approximately another $2 billion in the project.
On Aug. 31, 2023, Hyundai Motor Group and LG Energy Solution announced an additional $2 billion in capital investment and another 400 new jobs representing $7.59 billion in capital investment and 8,500 new jobs.
To date, Hyundai Motor Group and its suppliers have announced $10 billon in capital investment and 15,716 new jobs.
The Bryan County Megasite was purchased by the State of Georgia and the Savannah Harbor-Interstate 16 Corridor Joint Development Authority (JDA) for such an investment less than a year before the announcement.
Information on the economic development agreement can be found here.
The 2,923-acre Bryan County mega site is located in Bryan County adjacent to Intestate 16 with immediate access from I-95 and I-16 to 250 major metro areas including Atlanta, Birmingham, Charlotte, Memphis and Orlando.
The single-largest and fastest-growing container terminal in the U.S., the Port of Savannah, is 28 miles from the site and offers two Class I rail facilities.
The site was purchased in 2021 through a partnership between the State of Georgia and the Savannah Harbor-Interstate 16 Corridor JDA, which includes Bryan County, Bulloch County, Chatham County, and Effingham County. Hyundai Motor Group announced they would locate their state of the art manufacturing facility at the site less than a year later, on May 20, 2022.
In choosing Georgia, Hyundai Motor Company cited speed-to-market, workforce, and the state’s ability to meet company carbon neutrality standards. Additionally, Georgia boasts a large existing network of Hyundai subsidiaries and suppliers.