Investing
Hyundai Motor, LG Energy Solution to boost investment in Georgia JV by $2 billion
© Reuters. FILE PHOTO: Hyundai logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/File Photo
(Reuters) – Hyundai Motor (OTC:) 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.
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