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

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 With the new announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59

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

Green Car Congress

Hyundai Mobis plans to invest $926 million in an Electric Vehicle (EV) Power Electric system plant in Bryan County that will eventually employ at least 1,500 people. The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Oh, Vice President of Hyundai Mobis Electric Powertrain Business Unit.

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

Green Car Congress

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. Earlier post.).

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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

Green Car Congress

billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. Based on these technological capabilities, SK innovation has signed supply contracts with major automakers including Hyundai Motor Group, BAIC Group and Daimler AG. The new plant will be located in Jackson County, Georgia.

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Report: Hyundai May Choose Georgia for EV Plant

The Truth About Cars

Hyundai Motor Group has been considering where to establish its planned EV manufacturing hub for the United States for roughly a year now and is reportedly zeroing in on the State of Georgia as a final destination. The post Report: Hyundai May Choose Georgia for EV Plant appeared first on The Truth About Cars.

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Hyundai to construct an EV module plant in S. Korea

Teslarati

Hyundai plans to construct an electric vehicle (EV) module plant in South Korea. Hyundai’s investment shows that it still believes electric vehicles are the future despite a slowing market. On Thursday, May 9, 2024, Hyundai signed an investment memorandum of understanding with the Ulsan Metropolitan City.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. The Asian car manufacturer beat Volkswagen, which has held second place for some time.

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