{"id":1004634570,"date":"2022-12-09T04:04:00","date_gmt":"2022-12-09T12:04:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004634570"},"modified":"2022-12-09T05:06:17","modified_gmt":"2022-12-09T13:06:17","slug":"hyundai-jv-plans-4b-plus-ev-battery-plant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/","title":{"rendered":"Hyundai JV Plans $4B-Plus EV Battery Plant"},"content":{"rendered":"
\"https:\/\/pixabay.com\/photos\/electric-mobility-electric-car-4158595\/\"

Image by distelAPPArath via Pixabay<\/p><\/div>\n

Hyundai Motor Group<\/strong> and SK On<\/strong>, the battery-manufacturing subsidiary of Korean energy company SK Group<\/strong> have signed a memorandum of understanding for the development of a new electric vehicle battery manufacturing facility at Bartow Centre, an industrial park located on U.S. Highway 411 in Cartersville, Ga.<\/p>\n

The developers plan to invest between $4 billion and $5 billion in the project. The investment and development partnership was facilitated by the Georgia Department of Economic Development (GDEcD), the Georgia Electric Membership Corp., the Development Authority of Bartow County, the Cartersville-Bartow County Department of Economic Development and Georgia Quick-Start. The facility is expected to open in 2025.<\/p>\n

Yoonie Kim, Senior Project Manager at GDEcD and Director of Korean Investment oversaw the partnership.<\/p>\n

The Bartow Centre is located on Enterprise Corner, a century-old heavy industrial-zoned development plot that spans 200 acres. Hyundai and SK On\u2019s new manufacturing facility is expected to employ more than 3,500 workers. The project will benefit from direct access to much of Atlanta metro\u2019s road, rail and air shipping infrastructure, in addition to the city\u2019s large population of engineers.<\/p>\n

The joint development is Hyundai\u2019s second Atlanta-area industrial project, following its October groundbreaking on Metaplant America, an EV manufacturing facility in which the company plans to invest $5.54 billion. In the nearby town of Commerce, SK has recently constructed the SK Innovation EV battery manufacturing plant, which totals 2.4 million square feet of space built over 283 acres.<\/p>\n

Outside of the project\u2019s announcement, investments in EV-related industrial developments around the Peach State have totaled approximately $17 billion, and have led to the creation of 22,800 new jobs.<\/p>\n

The EV industrial era<\/h2>\n

EV-related industrial projects account for some of the nation\u2019s largest-scale industrial investment and development efforts, for both physical size and capital. In October, Ashely Capital<\/strong> landed a $1.6 billion investment<\/a> in a 659,589-square-foot Michigan asset by Our Next Energy<\/strong>, which plans to transform the facility into a battery cell factory. Tesla is also planning the construction of a 4.3 million-square-foot addition<\/a> to its Giga Texas manufacturing facility in Austin, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a partnership with SK On, the company will soon build a new manufacturing facility in Greater Atlanta. <\/p>\n","protected":false},"author":3012,"featured_media":1004634568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21808,21748,21742],"tags":[32920,51794],"class_list":["post-1004634570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-featured","category-industrial","category-latest","tag-hyundai","tag-sk-group"],"acf":[],"yoast_head":"\nHyundai JV Plans $4B-Plus EV Battery Plant - CPE<\/title>\n<meta name=\"description\" content=\"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai JV Plans $4B-Plus EV Battery Plant\" \/>\n<meta property=\"og:description\" content=\"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T12:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T13:06:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/\",\"name\":\"Hyundai JV Plans $4B-Plus EV Battery Plant - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg\",\"datePublished\":\"2022-12-09T12:04:00+00:00\",\"dateModified\":\"2022-12-09T13:06:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Image by distelAPPArath via Pixabay\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hyundai JV Plans $4B-Plus EV Battery Plant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\",\"name\":\"Gabriel Frank\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90\",\"caption\":\"Gabriel Frank\"},\"description\":\"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.\",\"birthDate\":\"2000-05-11\",\"gender\":\"Male\",\"jobTitle\":\"Editor\",\"worksFor\":\"Yardi Systems\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hyundai JV Plans $4B-Plus EV Battery Plant - CPE","description":"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/","og_locale":"en_US","og_type":"article","og_title":"Hyundai JV Plans $4B-Plus EV Battery Plant","og_description":"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.","og_url":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-12-09T12:04:00+00:00","article_modified_time":"2022-12-09T13:06:17+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg","type":"image\/jpeg"}],"author":"Gabriel Frank","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/","url":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/","name":"Hyundai JV Plans $4B-Plus EV Battery Plant - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg","datePublished":"2022-12-09T12:04:00+00:00","dateModified":"2022-12-09T13:06:17+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c"},"description":"A joint venture between Hyundai Motor Group and SK On is planning a new electric vehicle battery manufacturing facility outside Atlanta.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg","width":1200,"height":800,"caption":"Image by distelAPPArath via Pixabay"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hyundai-jv-plans-4b-plus-ev-battery-plant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hyundai JV Plans $4B-Plus EV Battery Plant"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c","name":"Gabriel Frank","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/GF2.jpg?w=90","caption":"Gabriel Frank"},"description":"Gabriel Frank is a Senior Associate Editor with Multi-Housing News and Commercial Property Executive. He has a background in journalism, and is the editor of MHN's Daily and Weekly newsletters. He lives in New York City.","birthDate":"2000-05-11","gender":"Male","jobTitle":"Editor","worksFor":"Yardi Systems","url":"https:\/\/www.commercialsearch.com\/news\/author\/gabriel-frank\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/electric-mobility-gbf4f2c187_1920.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004634570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3012"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004634570"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004634570\/revisions"}],"predecessor-version":[{"id":1004634714,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004634570\/revisions\/1004634714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004634568"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004634570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004634570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004634570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}