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Diewroy17- Posts : 2
Join date : 2023-08-31
Hyundai, LG to spend $2 billion more on Georgia battery plant
Thu Aug 31, 2023 8:58 pm
Hyundai Motor Group and LG Energy Solution will boost their joint investment in a Georgia battery manufacturing plant by $2 billion and add 400 additional jobs, the companies and the state said Thursday.
The facility, a joint venture between the two companies, now includes a total investment of $4.3 billion and eventually will be able to produce about 300,000 electric vehicle batteries annually, the companies said.
Hyundai, the world’s third-largest automaker by vehicle sales, said the two companies now plan to spend a total of $7.59 billion and create 8,500 new jobs over eight years in Bryan County, Georgia.
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The facility, a joint venture between the two companies, now includes a total investment of $4.3 billion and eventually will be able to produce about 300,000 electric vehicle batteries annually, the companies said.
Hyundai, the world’s third-largest automaker by vehicle sales, said the two companies now plan to spend a total of $7.59 billion and create 8,500 new jobs over eight years in Bryan County, Georgia.
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