Hyundai Motor Group is joining forces with a South Korean battery maker to build a $4 billion factory in Georgia to manufacture electric vehicle batteries.
The automaker announced this week it is joining forces with fellow South Korean firm SK On, a division of SK Group, to build a new plant northwest of Atlanta in Bartow County that will make electric vehicle batteries for Hyundai and Kia models.
The partners say the project will cost somewhere between $4 and $5 billion, and the plant should be operational in 2025. South Korean car manufacturer Hyundai is partnering with battery maker SK Group for a new electric vehicle battery plant in Georgia.
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