State News

New EV battery plant to be built in Georgia, but incentives are unknown

(The Center Square) — A pair of companies plan to spend more than $4 billion to build a new electric vehicle battery manufacturing facility in Bartow County.

State officials said the Hyundai Motor Group and SK On facility will create more than 3,500 new jobs. The new plant on U.S. Highway 411 will supply Hyundai Motor Group’s plants across the country and should start operations in 2025.

A Georgia Department of Economic Development communications representative told The Center Square that the project is “still active.” The designation allows state officials to decline to release details about tax incentives the state offered to entice a company to locate in Georgia.

Additionally, state officials said the partnership’s details are “still in development.”

In an announcement, Bartow County Sole Commissioner Steve Taylor said, “the project will have regional benefits for job seekers in the area and establishes Bartow in Georgia’s EV ecosystem in a significant way.”

“With Bartow’s strong history and talent-base built upon advanced manufacturing, the automotive industry, and innovation, the battery partnership should thrive in this environment,” Taylor added.

In May, Hyundai Motor Group, whose brands include Hyundai and Kia, announced plans to spend more than $5.5 billion on an EV manufacturing facility in Bryan County. The company broke ground on the facility — Hyundai Motor Group Metaplant America — in October.

Seoul, South Korea-based SK On, established in 2021, is a subsidiary of SK Innovation. The company employs more than 2,000 people at its SK Battery America facility in Commerce.

By T.A. DeFeo | The Center Square contributor

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEVER MISS A STORY!
Sign Up For Our  Newsletter
Get the latest headlines and stories - and even exclusive content!- sent right to your inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link

Get Breaking News Alerts

The Latest Headlines Straight to Your Inbox
Opt out At Anytime
Subscribe
close-link