Bryan County, Ga. (WTGS) — U.S. Senator Jon Ossoff announced Thursday that manufacturing incentives in the Inflation Reduction Act have attracted another major industrial investment to Georgia.
LG Energy Solutions and Hyundai will jointly build a $4.3 billion EV battery plant in the Peach State.
Sen. Ossoff announced the news weeks after leading an April trade mission to South Korea, where he met with senior executives from both firms.
Sen. Ossoff met again in late April with LG Energy Solutions executives in Washington to discuss the deal.
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The two companies will jointly invest $4.3 billion to open a new EV battery plant that will supply Hyundai’s EV battery manufacturing site in Bryan County. The investment is expected to create 3,000 jobs. According to the companies, full-scale production is expected to be online by the end of 2025.
“When I led a trade delegation to South Korea last month, securing this LG-Hyundai battery investment to Georgia was a key goal. The IRA’s manufacturing incentives continue to bring jobs and investment to Georgia,” Sen. Ossoff said. “My goal remains to make Georgia the world leader in advanced energy production. I thank LG Chairman Koo Kwang-mo, LG Energy Solutions President David Kim, Hyundai Chairman Chung Eui-sun, Senator Reverend Warnock, and all local and state officials who made today’s historic announcement possible.”
Sen. Ossoff will hold a virtual news conference Friday at 8:00 a.m. to announce the news.