Hyundai and LG announce $4.3 billion plant in Georgia to build ...
https://apnews.com/article/hyundai-lg-electric-vehicles-batteries-georgia...
Hyundai and LG announce $4.3 billion plant in Georgia to build EV batteries
Discussion in 'Other News' started by Chinatown, May 26, 2023.
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The South Korean automaker said in 2022 it would invest $5.5 billion to assemble electric vehicles and batteries in Ellabell, just west of Savannah. The site is supposed to have 8,100 employees and is slated to begin producing vehicles in 2025. -
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The companies will split the investment, starting production as soon as late 2025.
Hyundai Motor Co. CEO Jaehoon Chang said in a statement that the battery plant would “create a strong foundation to lead the global EV transition,” explaining the company wants to speed up efforts to produce electrified Hyundai and Kia vehicles in North America.
“Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry,” Chang said.
The South Korean automaker said in 2022 it would invest $5.5 billion to assemble electric vehicles and batteries in Ellabell, just west of Savannah. The site is supposed to have 8,100 employees and is slated to begin producing vehicles in 2025. -
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I’m surprised they didn’t allocate battery/EV production to the factory in Montgomery,Alabama.
Then again,they would have to shutdown that plant to expand it. And given the sales of the Elantra ,Tucson,Santa Fe & Santa Cruz,that would’ve impeded production.Chinatown Thanks this. -
Still gotta dig that stuff outta the ground don't see how it's any better..I wish they would just stick to hybrid more than this all.electric stuff..
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