Battery developer SK Innovation plans to invest $1.67 billion to build a new EV battery manufacturing plant in Georgia.
The new plant will be located in Jackson County, Georgia, and is expected to create more than 2,000 jobs. Construction will occur in two phases, beginning in early 2019.
The SK Group already has significant investments in the US, and currently has around 2,000 employees across 10 states. SK Innovation customers include Mercedes-Benz and Hyundai-Kia.
“This investment will allow us to work with the growing automotive industry in the Southeastern United States, ensuring future partnerships for years to come,” said Jun Kim, CEO of SK Innovation.