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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

Green Car Congress

Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

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Hyundai Motor Group breaks ground on Metaplant America dedicated EV and battery plant

Green Car Congress

Hyundai Motor Group officially broke ground today on Hyundai Motor Group Metaplant America (HMGMA) LLC’s new manufacturing plant at the Bryan County Mega site. Hyundai Motor Group is accelerating its electrification efforts with the global target to sell 3.23 Earlier post.).

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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. million full electric vehicles annually by 2030.

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Hyundai moves up production start date at Georgia Metaplant

Teslarati

Hyundai has pushed forward its production start date at an upcoming plant in Georgia, with the automaker now aiming to start manufacturing electric vehicles (EVs) at the site later this year. Georgia is like a second home to us,” said José Muñoz, Hyundai President and Global COO. “On Investments] are not on track.

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SK Innovation to build $1.67B EV battery manufacturing plant in Georgia

Green Car Congress

billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. Based on these technological capabilities, SK innovation has signed supply contracts with major automakers including Hyundai Motor Group, BAIC Group and Daimler AG. The new plant will be located in Jackson County, Georgia.

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Hyundai to break ground on Georgia training center near its upcoming EV plant

Teslarati

Hyundai Motor Group announced its plans to break ground on its Georgia Quick Start training center near its upcoming electric vehicle (EV) plant in the state. The South Korean automaker will break ground at the Georgia Quick Start training center on Thursday, February 8, 2024, at approximately 10:00 am.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 The proportion of global EV production is set to increase from 8% this year to 34% in 2030. trillion (US$27.8 billion) for electrification.

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