Wed. Oct 4th, 2023
    Hyundai Motor Group Announces $12.6 Billion Investment in EV Manufacturing and Battery Production in Georgia

    Hyundai Motor Group has recently revealed its plans to invest $12.6 billion in new electric vehicle (EV) manufacturing and battery production facilities in Georgia. This significant investment aims to create thousands of job opportunities in the state.

    One of the key components of this investment is the establishment of the Hyundai Motor Group Metaplant America site in Bryan County, Georgia. With a funding of $7.59 billion, this facility is anticipated to generate more than 8,500 jobs. In addition to this, Hyundai is partnering with SK On Co. to develop a battery manufacturing facility in Bartow County, Georgia. This joint venture, involving an investment of $5 billion, is expected to provide employment to around 3,500 individuals.

    Moreover, Hyundai has also announced a collaboration with Georgia Tech, with a focus on sustainable mobility, the hydrogen economy, and workforce development. This partnership aims to contribute to the development of innovative solutions and technologies in these areas, supporting the transition towards a greener and more sustainable future.

    By investing in EV manufacturing and battery production, Hyundai Motor Group is positioning itself as a leader in the rapidly growing electric vehicle market. The company aims to meet the increasing demand for electric vehicles and contribute to the reduction of greenhouse gas emissions.

    – Hyundai Motor Group announces $12.6B investment in Georgia for EV manufacturing, battery production, [Source Name].
    – [Add more sources here]