Will Hyundai build a new battery plant in Georgia?
ATLANTA (AP) — Hyundai Motor Group and a South Korean battery maker say they will jointly invest $4 billion to $5 billion in Georgia to build a new plant northwest of Atlanta that would supply electric batteries for Hyundai and Kia electric vehicles assembled in the United States.
Is Georgia getting a new battery factory?
Georgia had already signed a deal with battery-pack supplier SK Innovation in 2019 for a 2600-employee factory in exchange for $300 million in incentives and free land. The plant opened in January, and an additional 400 people are expected to be hired by the end of 2023.
Who makes Hyundai Mobis battery packs?
Auto parts maker Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to Hyundai Motor manufacturing facilities in the United States for production of Hyundai, Kia, and Genesis electric vehicles. Georgia Gov. Brian Kemp said the state has attracted multiple suppliers to support the facility.
Who makes Hyundai EV battery packs?
Hyundai Mobis, a parts supplier to Hyundai as well as other automakers, will assemble battery packs using cells from the Georgia plant. Those packs will be supplied to U.S. factories producing Hyundai, Kia, and Genesis EV models. Hyundai Motor Group and LGES will each hold a 50% stake in the JV.
Does Georgia have a EV battery plant?
Plus, Georgia scored an SK Innovation EV battery plant that opened in January, with plans to further expand next year. Volkswagen’s Chattanooga, Tennessee, plant will soon begin assembling ID.4 EVs, and the automaker recently opened a battery engineering facility there (climate chamber pictured above).
Who is HL-GA Battery Company LLC?
HL-GA Battery Company LLC represents a groundbreaking collaboration between Hyundai Motor Group and LG Energy Solution, two global leaders committed to driving innovation in the electric vehicle (EV) industry.
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