Key facts
- Hyundai Transys plans to invest US$560 million in Georgia.
- The investment will create 320 new jobs.
- The expansion includes upgrading two existing facilities and building a third plant.
U.S. President Donald Trump highlighted South Korean automotive parts maker Hyundai Transys Inc.'s plan to invest nearly US$560 million in Georgia during a campaign rally in the state on Friday. Trump promoted his economic agenda ahead of the midterm elections, stating that Hyundai would expand its factories in West Point, Georgia. The investment plan, announced last week by Georgia Governor Brian Kemp's office, involves upgrading two existing manufacturing facilities and building a third plant to expand production of hybrid vehicle powertrains. The expansion is expected to create 320 new jobs.