Hyundai is planning to build three new battery factories in Georgia with LG Energy Solution and SK On to support its EV business.
says Hyundai and SK On will also build a $2 billion battery cell factory in Georgia near the new Hyundai factory. The start of production is planned for the first quarter of 2026 and will have a capacity of 20 GWh annually.
Hyundai and Kia have been using SK On’s pouch cells for most of their EVs, including the IONIQ 5 and IONIQ 6. They will power the IONIQ 7 SUV that is expected to be released next year and the Genesis GV70 EV which will be produced in the Alabama plant. The Kia EV6 also uses pouch cell batteries, as will the EV9 SUV that will be introduced in April of 2023.There is a political adjunct to all this EV news.
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