Hyundai Motor, LG Energy Solution to boost investment in Georgia JV by $2 billion

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Hyundai Motor Group and LG Energy Solution will boost their investment in a Georgia joint venture battery cell manufacturing plant by $2 billion, Governor Brian Kemp said on Thursday.

The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at full production. The new investment hikes the total investment in the battery manufacturing and electric vehicle manufacturing complex to $7.59 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hyundai to Invest $400 Million for Stake in an EV Metal CompanyHyundai Motor Group will buy a 5% stake in Korea Zinc Co., the world’s largest smelter for non-ferrous metals, as part of its effort to ensure access to key metals used in making electric-car batteries.
Source: BNNBloomberg - 🏆 83. / 50 Read more »