The Hyundai Motor Group (HMG) and SK On—a South Korean renewable energy technology firm—will be investing an estimated $4 billion to $5 billion in a northwestern Georgia county to build a battery manufacturing plant for electric vehicles (EV).
Gov. Brian Kemp announced on Thursday that HMG and SK On have signed a memorandum of understanding to partner in the new facility in Bartow County that will be one of the largest economic development projects in state history and estimated to create over 3,500 jobs.
The facility will supply HMG throughout the United States.
“Hyundai Motor Group and SK On are valued partners and key players in our state’s ever-growing automotive industry,” Kemp in a press release. “Since day one, my administration has been focused on bringing jobs and opportunity to communities across the state that may have been overlooked in the past. SK and HMG share this goal, and we’re proud they are choosing to invest even further in this No. 1 state for business.”…