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One Of The Largest Economic Development Stories In Georgia History — New EV Battery Factory

CleanTechnica EVs

South Korea’s Hyundai Motor Group and SK On have finalized a site in Georgia for another EV battery factory. That may seem like mundane news, but it turns out that this investment alone is expected to be one of the largest economic development stories in the history of Georgia.

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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 billion to produce electric vehicles at a new factory in South Korea. The factory ultimately would increase annual EV production in South Korea to 1.44 The factory ultimately would increase annual EV production in South Korea to 1.44

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

Green Car Congress

South Korea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. The new plant will be located in Jackson County, Georgia. Construction will occur in two phases, beginning in early 2019.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 The company is currently producing EVs in this way at its plants in the US, South Korea, the Czech Republic, and India. trillion (US$27.8

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

Currently, production of the EV9 is in South Korea, but Kia is looking to start manufacturing the all-electric SUV at its West Point, Georgia plant. James Bell, head of corporate communications at Kia America noted that EV9 production should begin by the end of May at the Georgia facility.

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Hyundai spotted testing Lucid Air and ZEEKR X hints a luxury EV is in the works

Baua Electric

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. After being rewarded for its contributions to the state of Georgia with its own “Hyundai Day,” the company said it expects to begin production in Q4 , ahead of its initial early 2025 timeline.

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US says SK Battery faces USD 77,200 in fines over employee health hazards – ET Auto

Baua Electric

Labor Department said on Monday that SK Battery America faces USD 77,200 in fines for five serious safety violations after workers in Georgia suffered potentially permanent respiratory damage in an October 2023 lithium battery fire. SK, which supplies Volkswagen and Ford Motor, employs 3,100 workers at its Commerce, Georgia plant.

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