Hyundai-LG is a strategic joint venture between Hyundai Motor Group and LG Energy Solution, focusing on the production of electric vehicle (EV) batteries. Established to accelerate the EV transition, this partnership combines Hyundai’s automotive expertise with LG’s advanced battery technology to create a robust supply chain for EVs, primarily targeting the U.S. market[1][4].
The joint venture was announced with a significant investment exceeding $4.3 billion (KRW 5.7 trillion) to build an EV battery cell manufacturing plant in Bryan County, Savannah, Georgia. This facility, planned to start production by the end of 2025, will have an annual capacity of 30 gigawatt-hours (GWh), sufficient to power about 300,000 EVs per year[1][3]. The plant’s proximity to Hyundai’s new manufacturing campus in Georgia facilitates efficient integration, with Hyundai Mobis assembling battery packs from the cells produced and supplying them to Hyundai, Kia, and Genesis EV models made in the U.S.[1][2][4][6].
The joint venture builds on a long-standing collaboration between the two companies, dating back to 2009, when LG Energy Solution supplied batteries for Hyundai’s Elantra Hybrid EV. This partnership also extends internationally, including a $1.1 billion battery plant in Karawang, Indonesia, launched in 2021, which leverages Indonesia’s rich nickel reserves and supports regional EV production[2][5].
Hyundai-LG’s collaboration is strategically aligned with U.S. policies like the Inflation Reduction Act (IRA), which incentivizes local EV production and supply chain resilience. The joint venture not only aims to reduce dependency on China for batteries but also to create thousands of jobs and establish Georgia as a key hub in the global e-mobility ecosystem[3].
In summary, Hyundai-LG is a cutting-edge industrial alliance at the forefront of EV battery manufacturing, marked by substantial investment, technological synergy, and a clear focus o