Hyundai Could Build Three New EV Battery Plants In Georgia | Carscoops carscoops
in the United States alongside partner LG Energy Solution and one with SK Innovation.
Current plans call for both of the LG factories to be located in Georgia, each with an annual capacity of approximately 35 GWh which would be enough to power some 1 million electric vehicles. While neither Hyundai nor LG Energy Solution are commenting on the reports, it is understood the two plants would be positioned close to the company’s $5.5 billion EV manufacturing facility in Bryan County, Georgia.
The act will require 40 per cent of the monetary value of critical battery minerals to be sourced from the United States or a U.S. free-trade partner from next year for a vehicle to be eligible for U.S. tax credits. This share will rise every year and hit 80 per cent in 2027.
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