Hyundai and LG to spend an extra $2B on their US EV battery plant
September 1, 2023
Hyundai Motor Group and LG Energy Solution (LGES) are going to inject an additional $2 billion into their $4.3 billion US EV battery factory.
Carmaker Hyundai and lithium-ion battery maker LGES signed a memorandum of understanding at LGES’s headquarters in Seoul in May. The two companies will 50/50 open their EV battery plant in Bryan County, Georgia, south of Savannah. It will be adjacent to…