Governor Brian P. Kemp announced that Hyundai Motor Group (HMG) and SK On have selected a site in Bartow County for a new electric vehicle (EV) battery manufacturing facility that will supply Hyundai Motor Group’s plants in the U.S. One of the largest economic development projects in state history, stakeholders estimate it will create more than 3,500 new jobs through approximately $4-5 billion of investment in Bartow County.
Hyundai Motor Group and SK On recently signed a memorandum of understanding (MOU) regarding the partnership for a new EV battery facility in the U.S., with the details of the partnership still in development. Subject to execution of relevant agreements and HMG and SK On’s final board decisions, the new facility will be located at Bartow Centre, a zoned manufacturing and industrial site located on Highway 411, and is aiming to begin operations in 2025.
Director of Korean Investment Yoonie Kim represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team on this competitive project in partnership with Georgia EMC, Development Authority of Bartow County, the Cartersville-Bartow County Department of Economic Development, and Georgia Quick Start.
Georgia’s prime location, major ports system and extensive infrastructure, skilled workforce, and pro-business climate have made it an attractive location for a diverse array of rapidly developing industries focused on creating a sustainable future. Building on the assets that make the automotive industry successful, Georgia is positioned as a hub for the electric transportation industry.
Excluding this announcement, EV-related projects announced in the state since 2020 total approximately $17 billion in investment and more than 22,800 new jobs in Georgia.