Kia to invest $200 million in US plant

Electric carmaker Rivian Automotive is building a $5 billion plant in the state, while Hyundai Motor Group and SK On said in December they will build a new battery manufacturing plant in Georgia to supply the Korean automaker’s U.S. assembly plants.

Hyundai and SK aim to begin operations in 2025 and said “stakeholders estimate it will create more than 3,500 new jobs through approximately $4-5 billion of investment” in Georgia’s Bartow County. Hyundai separately broke ground in October on a $5.54 billion EV and battery plant in Georgia’s Bryan County. LG Energy Solution will be the battery supplier.

SK Innovation opened a $2.6 billion battery plant in Commerce, Georgia, in January 2022 that is producing batteries for the Ford F-150 EV.

Georgia Governor Brian Kemp said more than $22.7 billion have been invested in Georgia with more than 28,400 jobs created since 2020 in the EV supply chain.

Section Page News – Automotive News

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