Project Traits
State: Georgia
Congressional District: GA01
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Transportation
Energy Subsector: EV Batteries
Project Start Year: Unknown
Project Launch Year: Unknown
Government Support Received: Federal Tax Credit [Manufacturing Production Tax Credit (45X)] for Unknown Amount
Outcomes & Impacts
Private Investment: $4,300,000,000
Jobs Announced or Created: 400
People Served: Unknown
Projected Economic Impact: Unknown
August 31, 2023; Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs.
Once fully operational in late 2025, the facility should create 3,000 jobs in Southeast Georgia. The facility is slated to produce approximately 30 gigawatt-hours of batteries annually, enough to power 300,000 vehicles, many of which will be produced at the neighboring metaplant.
In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding establishing LGES as the partner for Hyundai Motor Group Metaplant America’s (HMGMA) onsite battery cell manufacturing JV. With today’s announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59 billion in investment and will create 8,500 new jobs for the region over the next eight years.