Hyundai Motor Group And LG Energy Solution To Invest Additional $2 Billion In Bryan County, Create 400 Jobs

On Thursday, Republican Georgia Governor Brian Kemp announced that Hyundai Motor Group and LG Energy Solution (LGES) would be investing an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the total investment value in the JV to more than $4.3 billion, which will create 400 new jobs. 

“In a single year, we broke ground on the largest project in state history, landed multiple suppliers across the state for Hyundai’s Metaplant, and welcomed LGES to Bryan County. Today, we’re building on that success as we continue to make Georgia the e-mobility capital of the nation,” said Kemp. “These types of major investments ultimately go to hardworking Georgians in the form of paychecks, improved schools and infrastructure, and more. Thank you to Hyundai Motor Group and LGES for again recognizing that the No. 1 state for business is a good investment.”

According to a press release from Kemp’s office, in “May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding establishing LGES as the partner for Hyundai Motor Group Metaplant America’s (HMGMA) onsite battery cell manufacturing JV. With today’s announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59 billion in investment and will create 8,500 new jobs for the region over the next eight years.”

“The 30 GWh facility will be able to support the production of 300,000 units of EVs annually at full operations. Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the Hyundai Motor Group’s U.S. manufacturing facilities for production of Hyundai, Kia, and Genesis EV models,” the press release added.

“This incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers,” said José Muñoz, president and global COO, Hyundai Motor Company and president and CEO, Hyundai and Genesis Motor North America. “Hyundai is proud to partner with LGES and we are grateful for the support of Governor Kemp and the many communities throughout the State of Georgia that help drive our operations everyday as we work to be a global leader in the electrified mobility industry.”

D & B Staff

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Episode 65