Hyundai, SK On to build new battery plant in Georgia
Add BT as a preferred source
HYUNDAI Motor Group and SK On said Thursday (Dec 8) that they will build a new battery manufacturing plant in the state of Georgia to supply the South Korean carmaker’s US assembly plants.
Hyundai Motor Group and SK On, the lithium-ion battery subsidiary branch of SK Innovation, recently signed a memorandum of understanding (MOU) for a new electric vehicle (EV) battery manufacturing facility with details of the partnership still in development, the companies said.
The companies aim to begin operations in 2025 and said “stakeholders estimate it will create more than 3,500 new jobs through approximately US$4-5 billion of investment” in Georgia’s Bartow County.
Hyundai separately broke ground in October on a US$5.54 billion EV and battery plant in Georgia’s Bryan County. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Rise and fall of Situational Awareness: How Leopold Aschenbrenner’s AI fund stumbled
From Yaohan and Galeries to Metro: The rise and fall of department stores in Singapore
More office buildings lined up for sale ahead of impending Marina One deal
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
