LG, Hyundai Pumping Extra $2 Billion In US For EVs

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LG and Hyundai Officials at the announcement of the plant.
  • The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at entire operations
  • The JV’s total investment value is now more than $4.3 billion

Governor Brian P. Kemp of Bryan Country, Georgia, The United States, announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion.

In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding establishing LGES as the partner for Hyundai Motor Group Metaplant America’s (HMGMA) onsite battery cell manufacturing JV.

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The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at entire operations. Hyundai Mobis will assemble battery packs using cells from the plant and then supply them to the Hyundai Motor Group’s U.S. manufacturing facilities to produce Hyundai, Kia, and Genesis EV models.

“In collaboration with our trusted partner, Hyundai Motor Group, this investment underscores our dedication to driving America’s EV transition while bolstering the local economy through the creation of quality jobs,” said Dong-Myung Kim, president and head of the Advanced Automotive Battery Division of LG Energy Solution.

José Muñoz, president and global COO, of Hyundai Motor Company and president and CEO, of Hyundai and Genesis Motor North America, added, “This incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers.”

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