Branch Launches 6 New States

dedicated 2,923-acre site in Bryan County, with immediate access to I-95 and I-16 highways. It is less than 31 miles from the Port of Savannah, the single-largest and fastest-growing container terminal in the U.S. with two Class I rail facilities on-site provided by Georgia Central Railway. West Point, GA, is already home to the Group’s Kia manufacturing hub in the U.S.

The official signing ceremony was held May 20 in Bryan County, attended by Georgia Gov. Brian P. Kemp and other Georgia officials as well as Hyundai Motor Company President and CEO Jaehoon Chang, and Hyundai Motor President and COO José Muñoz. Hyundai Motor Group Executive Chair Euisun Chung joined the signing ceremony virtually.

“The future of transportation is in the Peach State as we announce the largest project in our state’s history—delivering high-quality jobs on the leading edge of mobility to hardworking Georgians,” said Kemp. “Not only are we thrilled to welcome Hyundai to Georgia’s coastal region, but it’s incredible that within a year of Georgia’s investment in the Bryan County Megasite, we are locating a world-class project here with a company with great Georgia history!”

“As one of the world’s most successful and advanced mobility leaders, we are incredibly proud to share our plan to open our first dedicated full EV and battery manufacturing facilities in the U.S.,” said Euisun Chung. “The U.S. has always held an important place in the Group’s global strategy, and we are excited to partner with the State of Georgia to achieve our shared goal of electrified mobility and sustainability in the U.S.”

Hyundai Motor Group selected Georgia as Hyundai’s EV and battery production site due to a range of favorable business conditions, including speed-to-market, talented workforce, as well as existing network of its affiliates and suppliers.

Georgia is the Southeastern leader for EV registration per 1,000 registered automobiles. To support these drivers, Georgia is constantly developing access to publicly available EV charging stations and already offers more outlets per capita than anywhere else in the Southeast. Hyundai’s new investment will help accelerate the state’s sustainable shift to electrification.

Continuing Hyundai’s support for the U.S. economy, the project is expected to create about 8,100 new jobs.

The EV plant investment comes as a part of Hyundai’s 2021 announcement to invest $7.4 billion by 2025 to foster future mobility in the U.S., including production of EVs and offering smart mobility solutions.

Source: Hyundai Motor Group

LIKE US ON FACEBOOK:

Autobody News

Branch, a full-stack insurance company that pioneered instantly-bundled home and auto insurance, announced April 1 its expansion to six new states including Idaho, Iowa, New Hampshire, South Dakota, Tennessee and Virginia.

These new additions bring Branch’s total state roster to 25 and means 49% of Americans can access Branch’s instant-pricing capability. Through Branch’s rapid growth, the company maintains a stellar customer service experience with an impressive 4.8 Trustpilot rating.

Having launched in six new states since the beginning of 2022, Branch continues to attract new members with its instant-pricing capability and average annual bundled savings of $535. With the goal of national coverage halfway completed, Branch continues to pave the way for convenient and affordable insurance with the aim of being available in all 50 states before the end of 2022.

Source: Branch