Hyundai is debating the possibility of establishing two additional EV battery plants in the US alongside partner LG Energy Solution and one with SK Innovation.
As of now, plans will call for both LG factories to be in Georgia, each will have an annual capacity of approximately 35 GWh which would be enough to power 1 million electric vehicles.
Neither Hyundai nor LG Energy Solution are commenting on the reports however it is rumoured that the two plants will be positioned close to the company’s $5.5 billion EV manufacturing facility in Bryan County, Georgia.
The two battery plants would play an important role in meeting new EV subsidiary rules from President Biden’s Inflation Reduction Act.
The automaker is expanding its manufacturing reach throughout the United States. Additionally, to the two new factories with LG Energy Solution, it also plans to invest approximately $1.88 billion to build a new joint venture battery factory in the United States with SK Innovation.
The first quarter of 2026 could see production start at this site and will aim to have an initial annual production capacity of arounf 20 GWh which would be enough to power 300,000 electric vehicles.
