The new EV battery plant is estimated to involve an investment of about $4-5bn and generate over 3,500 new jobs
Hyundai Motor Group and SK On to build a new EV battery manufacturing facility in the US state of Georgia. (Credit: Hyundai Motor Company)
Hyundai Motor Group (HMG) and SK On will build a new electric vehicle (EV) battery manufacturing facility in Bartow County, Georgia, as per an announcement made by the American state’s Governor Brian Kemp.
The new facility, which is estimated to involve an investment of about $4-5bn, will deliver batteries to the South Korean automotive manufacturer’s plants in the US.
Recently, Hyundai Motor and SK On, which is a South Korean EV battery manufacturer, signed a memorandum of understanding (MoU) to strengthen the EV battery supply chain in North America.
The new EV battery plant, which is a result of the MoU, is expected to generate over 3,500 new jobs.
Brian Kemp said: “Hyundai Motor Group and SK On are valued partners and key players in our state’s ever-growing automotive industry. Since day one, my administration has been focused on bringing jobs and opportunity to communities across the state that may have been overlooked in the past.”
To be located at Bartow Centre, a zoned manufacturing and industrial site on Highway 411, the EV battery manufacturing facility is subject to the signing of relevant agreements and the final board decisions of the two companies.
Hyundai Motor Group and SK On hope to begin operations at the new EV battery plant in Georgia in 2025.
Georgia Department of Economic Development (GDEcD) Commissioner Pat Wilson said: “HMG and SK have been pioneering partners for Georgia for decades as one of the major drivers for Georgia’s automotive renaissance and as the first Korean manufacturer to locate in the state, respectively.
“By supporting cooperation and partnerships across our growing EV ecosystem, we’re creating a fully integrated supply chain for automotive OEMs while also connecting battery manufacturers with recyclers to close the loop on battery manufacturing.”
In October 2022, Hyundai Motor broke ground on the $5.54bn Metaplant America EV and battery manufacturing plant at the Bryan County Mega site in Georgia.
Metaplant America is scheduled to commence commercial production in the first half of 2025 with an annual capacity of 300,000 units.