Hyundai Motor Group and LG Energy Solutions announced plans on Thursday to build a $4.3 billion electric vehicle battery plant in Georgia, the latest clean energy facility to arrive in the state.
The project is expected to bring 3,000 new jobs to Southeast Georgia by the end of 2025. It is the second battery plant Hyundai is developing in the state, which has used Inflation Reduction Act incentives to open new facilities. Hyundai announced in December that it had partnered with SK On, a Korean battery developer for electric vehicles, to build a factory in Bartow County.
“Hyundai Motor Group is focusing its electrification efforts to secure a leading position in the global auto industry,” said Jaehoon Chang, President and CEO of Hyundai Motor Company, in a statement.
The facility is planned for Bryan County, Ga., near the Hyundai Motor Group Metaplant America, which is under construction, the company said. The Metaplant facility will produce Hyundai, Genesis and Kia electric vehicles.
Senator Jon Ossoff, a Democrat, said in an interview that the incentives for manufacturing clean energy in the Inflation Reduction Act made the plant possible.
“This is another big win for Georgia,” he said.
In April, Ossoff led a trade mission to South Korea, where he met with senior executives from both companies.
The announcement follows a decision made in January by Hanwha QCells to exploit the federal climate and tax measure to expand its operations with a $2.5 billion facility in Georgia that will produce solar panels and their components.
