EV battery factory to be built next to Hyundai assembly plant in Bryan Co. What to know.

Georgia Governor Brian Kemp celebrates on Friday May 20, 2022 as he officially announces plans By Hyundai Motor Group to build a manufacturing plant in Ellabell Georgia at Bryan County mega-site. The site is located just off Interstate 16.

Hyundai Motor Group on Friday revealed plans for the EV battery cell manufacturing factory that is to be part of the Hyundai Metaplant in Bryan County.

Hyundai and LG Energy Solution will partner in the $4.3 billion plant that will produce 300,000 batteries a year. The facility is expected to open in late 2025, just months after Hyundai's EV assembly factory is scheduled to come online.

“Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry,” said Jaehoon Chang, president and CEO of Hyundai Motor Company. “We will create a strong foundation to lead the global EV transition through establishing a new EV battery cell plant with LG Energy Solution, a leading global battery producer and long-time partner.”

The signing ceremony took place Friday in Seoul, South Korea at the LG Energy Solution headquarters.

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Construction on the batter plant is slated to begin later this year.

The battery materials produced by the new facility will be assembled into battery packs by Hyundai Mobis, which is building its own facility in Richmond Hill. Hyundai Mobis will distribute the finished product to Hyundai Motor Group manufacturing facilities throughout the U.S. for Genesis EV models, Hyundai and Kia.

“Two strong leaders in the auto and battery industries have joined hands and together we are ready to drive the EV transition in America,” said Youngsoo Kwon, CEO of LG Energy Solution. “By further advancing our product competitiveness and global operational expertise, LG Energy Solution will commit our best efforts to offering the ultimate sustainable energy solutions to our customers.”

This is a developing story. Check back for updates.

Latrice Williams is a general assignment reporter covering Bryan and Effingham County. She can be reached at lwilliams6@gannett.com.

This article originally appeared on Savannah Morning News: Hyundai and LG Energy Solution build EV battery plant in Bryan County