Korean firms plan $4 billion-plus battery plant in Georgia

[Omaha Steve]

Source: AP

By JEFF AMY

ATLANTA (AP) — Hyundai Motor Group and a South Korean battery maker say they will jointly invest $4 billion to $5 billion in Georgia to build a new plant northwest of Atlanta that would supply electric batteries for Hyundai and Kia electric vehicles assembled in the United States.

Hyundai and SK On, a unit of Korea’s SK Group, made the announcement Thursday. The plant, to be located just west of Cartersville, would begin production in 2025 and employ a projected 3,500 people.

It’s another in a series of electric battery plants being built as part of automakers transition to electric vehicles. The investment is also being driven by the U.S. Inflation Reduction Act, which offers $7,500 tax credits for electric vehicles, but only if vehicles and batteries are assembled in North America and a certain share of critical minerals inside the battery are mined or processed in North America.

Hyundai broke ground in October on a $5.5 billion electric vehicle plant near Savannah in coastal Georgia, with plans to produce 300,000 vehicles a year and hire 8,100 workers.

Read more: https://apnews.com/article/business-georgia-north-america-china-government-south-korea-d7714431730638bfffbd8faf8dc7bad4

[oldsoftie]

1. "or processed". Nice get-out-of-jail card.

Still doesnt get us out of the chains of foreign dependence.
But hey, I live in GA, I'll take the eventual revenue

[Brother Buzz]

2. I will be curious to see how Marjorie Taylor Greene spins this

She's been on a tear against car battery stuff, then to find this happening in her state.

[oldsoftie]

3. Oh, she'll claim credit for the entire deal! Thats what they do.

Like taking credit for money from the infrastructure bill to build a new bridge or road. A guy in ALA did it in Birmingham. Voted against the bill but held a press conference to announce the damn funding

[CurtEastPoint]

4. Not only in GA but either in or very close to her district. Eat it, Margiebaby

[Lithos]

5. I think it is GA-11 which is Barry Loudermilk

her district is GA-14 which is the one to the west.

Both are ever-Trumpers. Loudermilk is one of those who conducted a "tour" on Jan 5th.

[CurtEastPoint]

8. Christ. Let's hope those 2 don't F and make more little terrorists. He's worthless

[oldsoftie]

11. Hahahahahahahaha!!! You are a wordsmith

[oldsoftie]

13. "ever trumpers". Thats a good one. Haven't heard of it before!

[Lithos]

6. It's Loudermilk - her rabid twin to the East

Link to tweet

?s=20&t=3iIvmpdFSg9T9npnJPo9_A

[Brother Buzz]

7. Ah, and both have been spouting the same nonsense talking points

It will be entertaining to see how Tweedledee and Tweedledum spin this going forward.

[paleotn]

14. Are there any Republicans who aren't complete, fucking morons?

Rhetorical question.

[speak easy]

10. "or processed". The get-out-of-jail card here

is that the main supplier of raw lithium to the United States is Australia. Why trash our environment to have lithium mined here? Australia is as dependable as you can get.

[oldsoftie]

12. That may be where its MINED. But most of it THEN goes to CHINA.

And then theres all the OTHER components needed. Its all just a dangerous game of growing dependence. China is controlling more & more of the mineral supplies; even in other countries. Electric cars are not the answer. Hybrids are actually a MUCH better option than total electric.

[speak easy]

16. Australia may be where its - so it should be processed IN THE U.S.

- and that is what the tax credits encourage.

I agree - the U.S, has also got on top of rare earth minerals - but that is the same hurdle whether raw lithium
is sourced from Australia, or environmentally fragile sites in the U.S.

We are on the same page - getting out of dependence on China and wobbly South American countries. But no country in the Indo Pacific has stood up to China like Australia - loosing almost all of its exports to CCP Land other than iron ore. They would welcome being able to export more Lithium to us.

[oldsoftie]

19. Not to mention that nice little submarine deal.....

[speak easy]

20. Yes. A nice little deal.

I don't know what China expected. Bully the hell out of Australia, to teach them a lesson, and then see what happens? As per Russia, any country that deals with China must know the CCP will weaponize trade against them. While the GOP was shooting up Koch Bros money, China set sail to become the Saudi Arabia of lithium batteries.

[ColesCountyDem]

9. And Fordlans to open a battery plant in Kentucky.

https://media.ford.com/content/fordmedia/fna/us/en/news/2021/09/27/ford-to-lead-americas-shift-to-electric-vehicles.html

[Yavin4]

15. Good. The more tech jobs that a state has the bluer it becomes.

Not all Tech workers are progressive, but the majority of them are. They tend to want more spending on education, climate change, the overall environment, etc.

[rpannier]

17. Wonder how many underage workers they'll have at this plant

Hyundai has a terrible history when it comes to how they use, abuse, and misuse workers

[Bumblebee24]

18. oh ok

sounds good ?