Hyundai Motor Group (HYMTF) and LG Energy Solution have committed an add🦋itional $2 billion to a joint battery plant in Georgia, bringing the companies' total investment in the Bryan County Metapl🌱ant up to $7.59 billion.

“This investment underscores our dedication to driving America’s EV transition while bolstering the local economy through the creation of quality jobs,” said LG Energy Solution President Dong-Myung Kim.

The investment builds on the companies' memorandum of understanding establishing the partnership in May. At full capacity, the Metaplant will support the production of up to 300,000 EVs annually.

“This incremental investment in Bryan County reflects our continued commitment to create a more sustainable future powered by American workers,” said Hyundai Motor Company President and Global COO José Muñoz.

The additional investment will result in another 400 "well-paying" jobs at the battery plant, which is anticipated to bring a total of 8,500 jobs to the region over the next eight years.

"We continue to make Georgia the e-mobility capital of the nation,” said Georgia Governor Brian Kemp. “These types of major investments ultimately go to hardworking Georgians in the form of paychecks, improved schools and infrastructure, and more.