Hyundai and SK On Plan EV Battery Facility in Ga.
Dec. 9, 2022—Hyundai Motor Group and electric vehicle battery developer SK On have signed a memorandum of understanding to build an EV battery manufacturing facility in Bartow County, Ga.
According to a press release, Gov. Brian P. Kemp announced on Thursday that a site has been selected. The facility will supply United States Hyundai plants with EV batteries for vehicles. It is estimated that this facility will create over 3,500 jobs and will be a $4-5 billion investment.
"Hyundai Motor Group and SK On are valued partners and key players in our state's ever-growing automotive industry," said Gov. Kemp. "Since day one, my administration has been focused on bringing jobs and opportunity to communities across the state that may have been overlooked in the past. SK and HMG share this goal, and we're proud they are choosing to invest even further in this No. 1 state for business."
The facility is expected to begin operations in 2025. SK On is the lithium-ion battery subsidiary brand of SK Innovation.