A $4.3 billion electric vehicle battery project in Georgia will be built in cooperation with Hyundai Motor Group and LG Energy Solutions.
By the end of 2025, the project—which aims to enhance Georgia's clean energy sector—should have added about 3,000 new employment.
To maintain its position as a leader in the global automotive industry, Hyundai is giving electrification efforts top priority.
The battery factory will be next to the Bryan County, Georgia, Hyundai Motor Group Metaplant America, which is now under development.
The Hyundai, Genesis, and Kia brands' electric vehicle production will be the primary emphasis of the Metaplant project.
The initiative was made possible in large part because to the Inflation Reduction Act's manufacturing incentives for sustainable energy.
Sen. Jon Ossoff, a Democrat from Georgia, was instrumental in making the project possible through his trade mission to South Korea and discussions with Hyundai and LG senior officials.
The state's standing as a centre for green technology and job creation is strengthened by the fact that Georgia's expanding clean energy sector continues to draw large participants.