# Hyundai Motor Group and LG Energy Solution invest additional $2B in battery JV

Hyundai Motor Group and LG Energy Solution will invest an additional $2 billion in their battery cell manufacturing joint venture at the Metaplant in Bryan County, Georgia, raising the JV's total investment to over $4.3 billion. The expansion will create 400 new jobs.

- Type: Investment
- Announced: 2023-08-31
- Where: Bryan County, Georgia, United States
- Value: $2.00B
- Jobs: 400
- Status: announced
- Products: battery cells
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (investor)
- [LG Energy Solution](https://endata.com/companies/11181.md) (investor)

## Sources

- [gov.georgia.gov](https://gov.georgia.gov/press-releases/2023-08-31/gov-kemp-hyundai-motor-group-and-lg-energy-solution-invest-additional-2b), 2023-08-31: "Hyundai Motor Group and LG Energy Solution will invest an additional $2 billion in their battery cell manufacturing joint venture at the Metaplant in Bryan County."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.