Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia
Green Car Congress
APRIL 26, 2023
The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings. The new plant is expected to start manufacturing battery cells in the second half of 2025 with an annual production capacity of 35 GWh, which is sufficient to support the production of 300,000 EVs.
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