Hyundai Motor Group and LG Energy Solution invest additional $2 billion into their battery cell manufacturing plant
Sept. 13, 2023
The companies signed a memorandum of understanding in May, creating their battery cell manufacturing joint venture.
Hyundai Motor Group and LG Energy Solution have announced plans to invest an additional $2 billion into their facility in Bryan County, Georgia. The companies signed a memorandum of understanding in May, creating their battery cell manufacturing joint venture. According to the company, the 30 GWh facility will aid in the production of 300,000 electric vehicles annually. At the plant, Hyundai Mobis will assemble battery packs using cells from the facility, then supply them to the Hyundai Motor Group’s U.S. manufacturing facilities. This increased investment will generate an additional 400 new jobs.
In a recent quote, José Muñoz, president and global COO, Hyundai Motor Company and president and CEO, Hyundai and Genesis Motor North America, said, “This incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers. Hyundai is proud to partner with LGES and we are grateful for the support of Governor Kemp and the many communities throughout the State of Georgia that help drive our operations everyday as we work to be a global leader in the electrified mobility industry.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
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