Hyundai and LGES said construction in Georgia will begin in the second half of 2023, with battery production starting at the end of 2025 at the earliest.
Hyundai and LGES said construction of the factory in the state of Georgia will begin in the second half of 2023, with battery production starting at the end of 2025 at the earliest.watch nowSquawk Box Asia
Hyundai Motor Group, the world's third-largest automaker by vehicle sales, is building EV and battery manufacturing facilities in Bryan County in the state, where its joint factory with LGES will be based. LGES and Hyundai Motor Group, which houses Hyundai Motor, Kia and auto parts maker Hyundai Mobis, will each own 50% of the joint venture.
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