It would be built in Georgia to support the upcoming Hyundai Motor Group Metaplant America.

rumor: hyundai and sk talk about battery jv in us

Hyundai Motor Group announced in October that will it build in Georgia a large manufacturing site, called Hyundai Motor Group Metaplant America (HMGMA), which is expected to include also an EV battery manufacturing facility.

The partner for the battery joint venture has not been announced yet, but according to an unofficial report from The Korea Economic Daily Global Edition, Hyundai is in talks with SK Innovation’s SK On. Another candidate interested in the deal reportedly is LG Energy Solution.

Two South Korean companies joining forces would not surprise us, especially because they are already working together on various projects. SK On also already has two battery plants in Commerce, Georgia (9.8 and 11.7 GWh per year) and clearly is in an expansion mode.

According to the article, undisclosed sources indicate that on the table is an investment of 2.5 trillion won ($1.9 billion), which would potentially result in a battery gigafactory with an output of roughly 20 GWh/year (pouch cells, nickel-rich NCM chemistry).

A memorandum of understanding between Hyundai and SK On might be announced later this month (on November 28), according to the report.

20 GWh per year for a plant, which is expected to produce 300,000 electric cars annually, would mean 67 kWh per car on average. We consider it kind of low (especially if the plant would be used for larger EVs, like SUVs), but maybe it’s an initial target.

The output would have to be higher also if SK On would like to supply batteries for other Hyundai Motor Groups plants in the US (another one in Georgia and one in Alabama).

Anyway, it’s an interesting rumor that indicates ongoing preparations by South Korean companies to improve their market position in the US, by the way of the general transition to electric cars.

Let’s wait those few days to see whether an official announcement will confirm the battery partner for the Hyundai Motor Group Metaplant America plant in Georgia.

Source: The Korea Economic Daily Global Edition

TECH NEWS RELATED

3 Most Reliable Lexus Models

While there are a few automotive brands out there known for being reliable, one of the top companies with several durable models in its lineup is Lexus. Which vehicles are the top three for being reliable rides? Why does reliability matter? Lexus logo | Getty Images When you buy a ...

View more: 3 Most Reliable Lexus Models

The Cheapest New Dodge Charger Is a Versatile Sedan Option With One Big Issue

The Dodge Charger offers everything from a sensible V6 and all-wheel drive to supercharged tail-happy sports sedans. Better yet, the cheapest offering in the model’s lineup, the SXT, is versatile and well-suited for daily driving. However, the 2023 Dodge Charger SXT has one glaring issue: it’ll be the last car ...

View more: The Cheapest New Dodge Charger Is a Versatile Sedan Option With One Big Issue

Cheapest New Audi Is 1 of the Best Small Luxury Cars, Says Car and Driver

Audi has a solid lineup of luxury vehicles — with their good driving dynamics, premium features, and attractive designs. Also, compared to some other luxury brands, Audi models are relatively affordable. This includes the 2023 Audi A3 subcompact sports sedan, which is the cheapest new Audi car. Also, according to ...

View more: Cheapest New Audi Is 1 of the Best Small Luxury Cars, Says Car and Driver

GM Just Announced An All-New Small-Block V8 Is Coming

The electrification zeitgeist is in full swing, but gasoline-powered engines won’t disappear overnight. Nor will V8 power, as GM just confirmed a new small-block V8 engine is coming soon. This will be the sixth generation of the legendary small-block V8 that has powered so many Chevy and GM products since ...

View more: GM Just Announced An All-New Small-Block V8 Is Coming

Best car tool kits 2023

Whether you're looking for an emergency set of basic tools or something more comprehensive, a good tool kit can save you lots of stress – but who makes the best?...

View more: Best car tool kits 2023

The Lectron Adapter Will Let You Charge a Ford Lighting at a Tesla Station

Electric vehicle charging ports are mess. Some use one type developed in Europe, others use a Japanese system, and then Teslas use their own. But, what about those who have access to a Tesla charger, but want to charge something else, like a Ford F-150 Lightning? The Ford F-150 Lightning ...

View more: The Lectron Adapter Will Let You Charge a Ford Lighting at a Tesla Station

How Much Does a Nissan Tune-up Cost, and What Do They Do?

Keeping up with your Nissan‘s regular maintenance means you get optimal performance and fewer chances of major breakdowns. With that, you save on fuel costs and significant repairs and avoid the inconvenience of your car breaking down or stalling in the middle of the road. Naturally, tune-ups are a considerable ...

View more: How Much Does a Nissan Tune-up Cost, and What Do They Do?

How Does the New Corvette E-Ray Stack Up Against Hybrid Hypercars?

The new 2024 Chevrolet Corvette E-Ray isn’t just the latest stage in the Corvette’s evolution into a world-class supercar. Instead, it’s a reminder that the latest generation of plastic fantastic can punch well above its weight class. For instance, the new hybrid Corvette is quick enough to compete with several ...

View more: How Does the New Corvette E-Ray Stack Up Against Hybrid Hypercars?

4 Snow Plow Safety Tips When Encountering These Vehicles on the Road

Alpine is Coming to the U.S, but it’s Not Bringing the Goods

What’s the Toyota Highlander Hybrid Towing Capacity?

1990s GMC Typhoon: There’s Never Been an SUV That Can Beat It

Your 2022 Ford Maverick Might Have Faulty Airbags

This Older Porsche Infotainment Upgrade Helps Modernize Your 911 and Cayenne

Only 1 Type of Buyer Should Even Consider the 2022 Jeep Compass

3 Most Common GMC Sierra 1500 Problems Reported by Hundreds of Real Owners

5 Used Cars with the Biggest Price Drops

Incredibly Rare and Awesome Pontiac GTO Judge Sold for $1.5 Million

Is the 2023 Toyota RAV4 Too Old to Keep Up?

Carroll Shelby’s 100th Birthday Honored by Centennial Edition Mustang

OTHER TECH NEWS

Top Car News Car News