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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

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Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the Hyundai Motor Group’s US manufacturing facilities for production of Hyundai, Kia, and Genesis EV models.

Georgia 282
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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

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In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the Group’s US manufacturing facilities for production of Hyundai, Kia and Genesis EV models.

Georgia 320
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Solvay and Orbia to create JV to supply PVDF to battery market; largest capacity in N America

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The total investment is estimated to be around $850 million, and is expected to be funded in part by a grant awarded by the US Department of Energy of $178 million to Solvay to build a facility in Augusta, Georgia. Solvay, a global leader in PVDF, brings process technology and global market know-how to this venture.

Supplies 273
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Hyundai Mobis to invest $926M in EV systems plant in Georgia

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The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Hyundai Mobis has operated a manufacturing facility with almost 1,200 employees in West Point since 2009 as the largest Tier 1 supplier to Kia Georgia. billion in investment and announced more than 18,100 jobs in Georgia.

Georgia 186
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Anovion Technologies to build $800M synthetic graphite anode materials plant in Georgia

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US-based advanced materials company Anovion Technologies has selected Decatur County in Southwest Georgia as the location of the company’s first large-scale expansion of manufacturing capacity for production of its premium synthetic graphite anode materials. Anovion plans an initial $800-million investment in the plant. Earlier post.)

Georgia 199
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Hyundai Motor Group and SK On to build EV battery facility in Bartow County, Georgia

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Georgia Governor Brian P. Kemp announced that Hyundai Motor Group (HMG) and SK On have selected a site in Bartow County for a new electric vehicle (EV) battery manufacturing facility that will supply Hyundai Motor Group’s plants in the US. billion in Hyundai Motor Group Metaplant America, an EV manufacturing facility in Bryan County.

Georgia 199
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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

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SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

America 243