Trump Says Hyundai Just Announced $560 Million Investment in Georgia

U.S. President Donald Trump said on the 16th local time that "Hyundai just announced they are investing $560 million to expand their plant in West Point, Georgia."

During a speech at a midterm election rally in Dalton, Georgia, that day, President Trump mentioned investments in the U.S. by foreign companies, citing Hyundai's investment plan as an example.

He then emphasized the policy achievements of his second term, saying, "Our country is doing so well under Republican leadership."

President Trump's remarks are believed to refer to the investment plan of Hyundai Transys, an auto parts manufacturing affiliate of Hyundai Motor Group.

Previously on the 8th, Georgia Governor Brian Kemp announced the news through a press release, stating, "The company plans to create 320 new jobs as part of ongoing efforts to support global automotive customers operating in North America."

According to the release, Hyundai Transys will invest the funds into modernizing facilities at its existing Plant 1 and Plant 2 in West Point, as well as building a new Plant 3.

The state of Georgia stated, "This expansion will support increased production capacity for electrified powertrains for hybrid vehicles," adding that "Hyundai Transys plans to hire across administrative, management, and production sectors."

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.