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Hyundai, LG to invest additional $2 billion in Georgia battery plant

Posted on AllSides September 1st, 2023
From The Right

Hyundai Motor Group and LG Energy Solution are investing an additional $2 billion in their battery cell manufacturing joint venture in Georgia, the state’s governor, Brian Kemp, said Thursday. 

The latest funds raise the total investment value to more than $4 billion. 

"This major investment will strengthen communities through good-paying jobs, improve schools and infrastructure, and much more," Kemp said. 

The auto manufacturing plant in Bryan County, Georgia, is scheduled to begin producing vehicles in January 2025, and will build 300,000 vehicles annually. 

Hyundai said the two companies plan to spend a total of...

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https://www.foxbusiness.com/markets/hyundai-lg-invest-additional-two-billion-dollars-georgia-battery-plant

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