WATCH: Hyundai Motor and LG Energy Solution plan to build an electric vehicle battery plant in the US. The South Korean giants announced the plan for a $4.3 billion site in the state of Georgia
Hyundai and LGES said construction of the factory in the state of Georgia will begin in the second half of 2023, with battery production starting at the end of 2025 at the earliest.[1/2]
The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo Hyundai Motor Group, the world's third-largest automaker by vehicle sales, is building EV and battery manufacturing facilities in Bryan County in the state, where its joint factory with LGES will be based.
LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and autoparts maker Hyundai Mobis Co Ltd
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Hyundai Motor Group, LG Energy to build $4.3 bln EV battery plant in USSouth Korea's Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.
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Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in U.S.Hyundai and LGES said construction in Georgia will begin in the second half of 2023, with battery production starting at the end of 2025 at the earliest.
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Hyundai and LG announce $4.3 billion plant in Georgia to build batteries for electric vehiclesHyundai and LG Energy Systems say they will build a $4.3 billion electric battery plant in Georgia. The factory would be on the site of the new electric vehicle assembly plant that Hyundai Motor Group is building near Savannah. The companies will split the investment, starting production as early as late 2025. The companies didn’t say how many people would work at the plant. Hyundai says it wants to “further accelerate its electrification efforts in North America.” It’s the second huge electric battery plant that Hyundai is partnering to build in Georgia.
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Hyundai and LG Announce $4.3 Billion Plant in Georgia to Build Batteries for Electric VehiclesHyundai and LG Energy Solution say they will build a $4.3 billion electric battery plant in Georgia. The factory would be on the site of the new electric vehicle assembly plant that Hyundai Motor Group is building near Savannah.
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