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AUTO NEWS – Hyundai Desires New $1.9 Billion Battery Plant In Georgia

Hyundai Desires New $1.9 Billion Battery Plant In Georgia

– by Automobilnews.eu


The price of the brand new battery plant is estimated at round $1.88 billion and can be charged (no pun supposed) with producing 20GWh of batteries yearly. That is sufficient for 300,000 autos per 12 months. The report says that the earliest the plant would come on-line, assuming the three way partnership is accepted, is 2026. Neither Hyundai nor SK Innovation has confirmed the potential deal. The brand new EV plant will likely be one of many largest of its variety within the US and, if there’s adequate demand, the 300,000-unit determine may very well be elevated to 500,000 autos per 12 months.

The second facility Hyundai already has confirmed for Georgia will manufacture EV charging ports. Its development is because of get underway subsequent 12 months with completion and manufacturing kicking off in 2024. Hyundai, like Toyota, can be creating hydrogen gas cell know-how with the intention to diversify its future powertrain choices.



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AUTO NEWS – Hyundai Desires New $1.9 Billion Battery Plant In Georgia
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