Does LG have a battery plant in Georgia?

LG said this would be its seventh battery plant in operation or under construction in the U.S., saying it was concentrating efforts to expand production in the country, in one example of how federal incentives are luring manufacturers. This is the second huge electric battery plant that Hyundai is partnering to build in Georgia.

Will Hyundai build a new battery plant in Georgia?

(Richard Burkhart/Savannah Morning News via AP, File) ATLANTA (AP) — Hyundai Motor Group and LG Energy Solution announced Thursday they will build a $4.3 billion electric battery plant as part of Hyundai’s new electric vehicle assembly plant in southeast Georgia. The companies will split the investment, starting production as soon as late 2025.

Who owns HL-GA Battery Company?

Hyundai Motor Group and LG Energy Solution committed an investment of more than $4.3 billion to establish HL-GA Battery Company. Our battery cell manufacturing joint venture is strategically located outside beautiful Savannah, Georgia and is scheduled to start production early 2026.

Does lges sell EV batteries?

The Group and LGES have long been partners in the field of electrification having worked on the supplies of EV batteries for vehicles, including ELANTRA Hybrid, Kona Electric, and IONIQ 6 dedicated EV. The Hyundai ELANTRA Hybrid, LPi hybrid vehicle introduced in 2009, was the Group’s first electrified model.

Where is Hyundai launching a new battery plant?

The facility will be in Bryan County, Savannah, Georgia, adjacent to Hyundai Motor Group Metaplant America, currently under construction. Starting construction in the second half of 2023, the joint venture plans to start battery production at the end of 2025 at the earliest.

Where will Hyundai build a new electric car plant in Georgia?

The Korean companies will invest over $4.3 bn and hold the JV equally. The selected site is the state of Georgia which is no stranger to Hyundai. Hyundai and LGES will use the equivalent of four billion euros to build a battery cell factory in Bryan County, where Hyundai is already making its new electric car plant in Georgia.