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Deal for $5.5B Hyundai plant in Georgia nears final approval

FILE - Georgia Gov. Bran Kemp, left, and Jaehoon "Jay" Chang, Hyundai Motor Company president and CEO, shake hands after signing an agreement to finalize a deal for Hyundai Motor Group to build a manufacturing plant in Ellabell, Ga., Friday, May 20, 2022. Georgia officials are close to finalizing a deal with the automaker to build a $5.5 billion electric car plant near Savannah, Ga. An economic development agency representing four Savannah-area counties approved its portions of the agreement Tuesday, July 19, 2022, including an economic incentives package. (Richard Burkhart/Savannah Morning News via AP, File) FILE - The Hyundai company logo hangs over a long row of cars at a car dealership in Centennial, Colo., Sunday, Dec. 20, 2020. Georgia officials are close to finalizing a deal with the automaker to build a $5.5 billion electric car plant near Savannah, Ga. An economic development agency representing four Savannah-area counties approved its portions of the agreement Tuesday, July 19, 2022, including an economic incentives package. (AP Photo/David Zalubowski, File) FILE - A banner welcomes Hyundai Motor Group to their future home at the Bryan County mega-site in Ellabell, Ga., Friday, May 20, 2022. Georgia officials are close to finalizing a deal with the automaker to build a $5.5 billion electric car plant near Savannah, Ga. An economic development agency representing four Savannah-area counties approved its portions of the agreement Tuesday, July 19, 2022, including an economic incentives package. (Richard Burkhart/Savannah Morning News via AP, File)
Deal for $5.5B Hyundai plant in Georgia nears final approval