Hyundai & LG partnership to build EV Assembly Plant in North America
August 07 2023,
Hyundai and LG are teaming up to build an electric vehicle assembly plant in North America! That's right, the future of electric cars just got a whole lot brighter. This partnership is a match made in heaven. Hyundai is known for its innovative designs and commitment to sustainability, while LG is a leader in battery technology and energy solutions. Together, they will create a plant to produce some of the most advanced electric vehicles on the market.
All About the Plant
The new plant collaboration between Hyundai and LG will comprise a $4.3 billion electric battery plant. This will be part of Hyundai's electric vehicle assembly plant based in Southeast Georgia.
As per Jaehoon Chang, CEO of Hyundai Motor Co., this plant will form the foundation of the global EV transition. Hyundai wants to speed up efforts to electrify all Kia and Hyundai vehicles in North America.
Looking to the Future
Hyundai's focus is now on the EV industry, and this plant is a massive step in that direction. It will have over 8,100 employees, and the factory will begin producing EVs in 2025. The future does look bright for customers looking for their next electric vehicle.
