Hyundai Motor JV To Spend $2B More On Georgia Battery Plant
Portfolio Pulse from Nabaparna Bhattacharya
Hyundai Motor Co., Ltd. and LG Energy Solution will invest an additional $2 billion in their battery cell manufacturing joint venture at the Metaplant in Bryan County, Georgia. This will raise the JV's total value to over $4.3 billion and create 400 new jobs. The facility will support the production of 300,000 units of EVs annually. Hyundai Mobis will assemble battery packs using cells from the plant and supply them to Hyundai Motor Group’s U.S. manufacturing facilities.
September 01, 2023 | 1:20 pm
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POSITIVE IMPACT
The additional investment in the joint venture could potentially increase the production capacity of Hyundai, leading to increased revenues.
The additional investment in the joint venture will increase the production capacity of Hyundai, which could lead to increased revenues. This is likely to have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The additional investment in the joint venture could potentially increase the production capacity of Hyundai, leading to increased revenues.
The additional investment in the joint venture will increase the production capacity of Hyundai, which could lead to increased revenues. This is likely to have a positive impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100