Hyundai Motor Group establishes North American battery cell joint venture with SK ON

Hyundai Motor Group, together with SK On, will establish a joint venture plant for battery cells for electric vehicles in the United States in 2025 and secure an annual supply of about 300,000 battery cells. 

They aim to start operation in the second half of 2025 and build a joint plant in Bartow County, Georgia, USA that can produce battery cells for 300,000 electric vehicles with an annual capacity of 35 gigawatt hours (GWh).

The two sides will jointly invest a total of $5 billion (approx. KRW 6.5 trillion), each holding a 50% stake.

The battery cells produced at the joint venture plant will be manufactured by Hyundai Mobis as battery packs and supplied to Hyundai, Kia, and Genesis electric vehicles produced in the United States.

They have collaborated on battery supply for Hyundai/Kia/Genesis’ major EVs, including the IONIQ 5, EV6, and GV60.

Hyundai Motor Group utilizes waste to produce clean hydrogen by resource circulation

Hyundai Motor Group produces clean hydrogen using biogas obtained from waste from sewage treatment plants, thereby reducing carbon emissions and revitalizing the hydrogen ecosystem. 

By 2024, the company plans to build a facility capable of producing 500 kg of clean hydrogen per day from biogas obtained from organic waste at the site of the Cheongju City public sewage treatment plant, and then increase production to 1,000 kg per day in 2027.

The company plans to install hydrogen refueling stations nearby to supply clean hydrogen at a reasonable price compared to byproduct hydrogen to local residents, and expand the supply of hydrogen buses and hydrogen cleaning trucks.

The company announced that it plans to continue to promote the project of building clean hydrogen production facilities and develop overseas business models together to secure leadership in the global hydrogen ecosystem.