Hyundai and South Korean battery maker SK On plan to invest $5 billion to build a plant in Georgia to produce EV battery cells
HONG KONG— General Motors Co. and Hyundai Motor Group each announced new investments to produce electric-car battery cells in the U.S. in joint ventures with different South Korean battery makers.
General Motors and Samsung SDI Co. announced Tuesday that they are planning to invest more than $3 billion in a battery-cell factory that would begin operating in 2026. The location of the plant wasn’t disclosed but the cells will support GM’s EV capacity in North America, Chief Executive Mary Barra said.
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