General Motors (GM) and Hyundai announced on Tuesday (25) the construction of new electric vehicle battery factories in the United States. The announcement was made on the same day, but each automaker will build its own unrelated plant. The total investment in the new locations will be $8 billion, and they are being carried out in partnership with other companies.

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A GM partners with Samsung SDI, a US$3 billion battery subsidiary of Samsung. already Hyundai has formed a joint venture with SK Onbuilding a $5 billion battery plant in Georgia. The new investment is expected to go live in 2026 with a capacity of 30 GWh, according to a statement from GM. The automaker is currently building four battery plants in the US with a total annual capacity of 140 GWh.

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Hyundai, on the other hand, took advantage of South Korean President Yoon Suk-yeol’s visit to the United States to announce the construction. South Korean automakers are lobbying the Biden administration for new rules to prevent cars made outside of the US from receiving a $7,500 tax credit on electric vehicles, which would boost the company’s US presence.

Hyundai said in a statement that the battery plant for electric vehicles will be built in Bartow, Georgia. The site will start producing batteries from the second half of 2025 with a total capacity of 35 GWh per year. According to the company, this amount is enough for ensure the production of 300,000 electric vehicles per year. In addition to being located in Georgia, the South Korean automaker plans to build an electric vehicle plant in Savannah, also in Georgia. As we can see, the United States is investing in the electric vehicle segment, as well as several other countries in the world that will use commercial vehicles without internal combustion engines in the future.

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Source: Edge

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