In Barstow County, the battery factory may result in the creation of 3,500 employees. Investments between $4 and $5 billion will be necessary.
The location for a second EV battery production in Georgia has been decided by the Hyundai Motor Group and SK On of South Korea. It turns out that only this investment will be among Georgia’s biggest economic help to build up ever.
SK On Operations in Georgia
SK On is one of the top five or 10 lithium-ion battery manufacturers for the previous few years. 2,000 Georgians currently work under the SK On company. The Barstow County manufacturing plant will start its operations in 2025.
HMG and SK are Pioneering Partners for Georgia
As one of the key forces behind Georgia’s automotive revival and the first Korean company to establish itself in the state, Hyundai Motor Group and SK have been trailblazing partners for Georgia for decades, according to Pat Wilson, commissioner of the Georgia Department of Economic Development.
‘We’re building a completely integrated supply chain for car OEMs and linking battery producers with recyclers to close the loop on battery production by encouraging collaboration and partnerships throughout our expanding EV ecosystem. We are appreciative of the assistance of our neighborhood and utility partners. We are also looking forward to the new employment this will bring to Bartow County and northwest Georgia’.
Hyundai and Georgia continue: “In addition to the two firms’ joint EV battery development efforts, Hyundai Motor Group separately announced in May its plans to spend $5.54 billion in Hyundai Motor Group Metaplant America, an EV production facility in Bryan County. The enormous factory’s development began in October.
Georgia is Crucial for the American EV Market
Georgia is growing to be a major player in the American EV market. The investment commitment for EV projects or EV-related projects announced in Georgia has surpassed $17 billion just since 2020. It is noteworthy that SK On and Hyundai Motor Group anticipate creating 3,500 employees. Additionally, it seems that EV-related investments would create 22,800 new jobs in Georgia overall.
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