Hyundai Motor Group and LG Energy Solution on Thursday announced that they are to build a US$4.3 billion electric battery plant as part of Hyundai’s new electric vehicle (EV) assembly plant in southeast Georgia.
The companies would split the investment, starting production as soon as late 2025.
Hyundai Motor Co chief executive officer Chang Jae-hoon said in a statement that the battery plant would “create a strong foundation to lead the global EV transition,” adding that the company wants to accelerate efforts to produce electrified Hyundai and Kia vehicles in North America.
Photo: Reuters
“Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry,” Chang said.
The South Korean automaker last year said that it would invest US$5.5 billion to assemble EVs and batteries in Ellabell, Georgia.
The site is to have 8,100 employees.
Garrison Douglas, a spokesperson for Georgia Governor Brian Kemp, said that the 3,000-job battery plant would be part of the 8,100 overall jobs and the US$4.3 billion investment would be part of the previously announced US$5.5 billion total.
The plant is to supply batteries for 300,000 EVs per year, which is the initial projected production of the adjoining vehicle assembly plant.
Hyundai has said that the plant could later expand to build 500,000 vehicles annually.
“This is exactly what we envisioned when Georgia landed the Hyundai Metaplant in May of last year and this project is the latest milestone in Georgia’s path to becoming the EV capital of the nation,” Kemp said in a statement.
In addition to the assembly and battery plants, auto parts suppliers have pledged to invest more than US$2 billion and hire 4,800 people in the region around the Hyundai site.
LG said this would be its seventh battery plant in operation or under construction in the US.
TECH BOOST: New TSMC wafer fabs in Arizona are to dramatically improve US advanced chip production, a report by market research firm TrendForce said With Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) pouring large funds into Arizona, the US is expected to see an improvement in its status to become the second-largest maker of advanced semiconductors in 2027, Taipei-based market researcher TrendForce Corp (集邦科技) said in a report last week. TrendForce estimates the US would account for a 21 percent share in the global advanced integrated circuit (IC) production market by 2027, sharply up from the current 9 percent, as TSMC is investing US$65 billion to build three wafer fabs in Arizona, the report said. TrendForce defined the advanced chipmaking processes as the 7-nanometer process or more
China’s Huawei Technologies Co (華為) plans to start mass-producing its most advanced artificial intelligence (AI) chip in the first quarter of next year, even as it struggles to make enough chips due to US restrictions, two people familiar with the matter said. The telecoms conglomerate has sent samples of the Ascend 910C — its newest chip, meant to rival those made by US chipmaker Nvidia Corp — to some technology firms and started taking orders, the sources told Reuters. The 910C is being made by top Chinese contract chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯) on its N+2 process, but a lack
NVIDIA PLATFORM: Hon Hai’s Mexican facility is to begin production early next year and a Taiwan site is to enter production next month, Nvidia wrote on its blog Hon Hai Precision Industry Co (鴻海精密), the world’s biggest electronics manufacturer, yesterday said it is expanding production capacity of artificial intelligence (AI) servers based on Nvidia Corp’s Blackwell chips in Taiwan, the US and Mexico to cope with rising demand. Hon Hai’s new AI-enabled factories are to use Nvidia’s Omnivores platform to create 3D digital twins to plan and simulate automated production lines at a factory in Hsinchu, the company said in a statement. Nvidia’s Omnivores platform is for developing industrial AI simulation applications and helps bring facilities online faster. Hon Hai’s Mexican facility is to begin production early next year and the
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer’s lifestyle videos, Chinese vlogger Li Ziqi (李子柒), 34, has seen her YouTube subscribers increase to 20.2 million from about 14 million. While YouTube is banned in China, her fan base there — although not the size of YouTube’s MrBeast, who has 330 million subscribers — is close to 100 million across the country’s social media platforms Douyin (抖音), Sina Weibo (新浪微博) and Xiaohongshu (小紅書). When Li finally released new videos last week — ending what has
RSS