Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant

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Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant
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Hyundai Motor Group and LG Energy Solution they will spend an additional $2 billion and hire an extra 400 workers to make batteries in Georgia.

An aerial view shows the construction site for the future HyundaiSAVANNAH, Ga. — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to makeat the automaker’s sprawling U.S. electrical vehicle plant that’s under construction in Georgia.

“This incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers,” José Muñoz, president and global chief operating officer of Hyundai Motor Company, said in a statement.to assemble electric vehicles and batteries on 2,900 acres in the community of Ellabell.

Hyundai has said the Georgia plant initially plans to produce 300,000 vehicles per year, but it could later expand to build 500,000 annually.

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