Hyundai Motor Group and LG Energy Solution (LGES) have announced a new electric vehicle battery cell manufacturing joint venture in the U.S.A.
The new plant will reach annual production capacity of 30GWh, enough to support the production of 300,000 electric vehicles annually. The facility will be in Savannah, Georgia, adjacent to Hyundai Motor Group Metaplant America, currently under construction. Production of battery cells at the facility is expected to begin in 2025.
Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the facility for production of Hyundai, Kia and Genesis battery-electric models. The new facility will help create a stable supply of batteries in the region and allow the Group to respond fast to the soaring EV demand in the U.S.A.
LGES currently has seven battery plants currently operating or being constructed in the U.S.A. The firm aims to provide innovative products both in scale and with speed, thereby expediting the clean energy transition of the U.S.A.
The new plant will reach annual production capacity of 30GWh, enough to support the production of 300,000 electric vehicles annually. The facility will be in Savannah, Georgia, adjacent to Hyundai Motor Group Metaplant America, currently under construction. Production of battery cells at the facility is expected to begin in 2025.
Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the facility for production of Hyundai, Kia and Genesis battery-electric models. The new facility will help create a stable supply of batteries in the region and allow the Group to respond fast to the soaring EV demand in the U.S.A.
LGES currently has seven battery plants currently operating or being constructed in the U.S.A. The firm aims to provide innovative products both in scale and with speed, thereby expediting the clean energy transition of the U.S.A.
