The battery factory is projected to create 3,500 new jobs. The packs from Bartow County would supply Hyundai's factories in the United States.
Hyundai Motor Group and SK On recently signed a memorandum of understanding (MOU) regarding the partnership for a new EV battery facility in the U.S., with the details of the partnership still in development.
Established in 2021, SK On is the lithium-ion battery subsidiary branch of SK Innovation and currently employs more than 2,000 people at its SK Battery America facility in Commerce.
In addition to the two companies' EV battery partnership, Hyundai Motor Group separately announced in May its plans to invest $5.54 billion in Hyundai Motor Group Metaplant America, an EV manufacturing facility in Bryan County. Hyundai Motor Group broke ground on the facility in October with Governor Kemp, other state leaders, and local and federal officials.
Hyundai intends to launch 11 new EVs by 2030. They include three sedans, six SUVs, a light commercial vehicle, and an unspecified "new type model." The Ioniq 7 crossover is among them and arrives in 2024.
Source: Hyundai
