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NBC Chicago nbcchicago.com 26 May, 2023 06:00 am

Hyundai and LG Announce Plant in Georgia to Build Batteries for Electric Vehicles – NBC Chicago

Hyundai and LG Announce Plant in Georgia to Build Batteries for Electric Vehicles – NBC Chicago
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...

3 billion electric battery plant as part of Hyundai's new electric vehicle assembly plant in southeast Georgia.CEO Jaehoon Chang said in a statement that the battery plant would “create a strong foundation to lead the global EV transition,” explaining the company wants to speed up efforts to produce electrified Hyundai and Kia vehicles in North America.Garrison Douglas, a Kemp spokesperson, said the 3,000-job battery plant would be part of the 8,100 overall jobs and the $4.LG said this would be its seventh battery plant in operation or under construction in the U.

This is the second huge electric battery plant that Hyundai is partnering to build in Georgia.Because the battery plant is part of the overall Hyundai complex, Douglas said no additional incentives would be offered.

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