SK Innovation, a developer and manufacturer of lithium-ion batteries for hybrid electric vehicles, have announced their plans for a new manufacturing facility in Jackson County, Georgia. The batteries manufactured at the new facility will produce batteries for both Mercedes-Benz and Hyundai-Kia Motors hybrid-electric vehicles.
The new plant will be built at a total cost of $1.67 billion and be built in two phases. The initial facility will be a 1,000,000 square foot factory employing over 1,000 people with advanced manufacturing skills. The subsequent phase will also be 1,000,000 square feet and add another 1,000 skilled manufacturing employees to the local economy.
The plant’s location was strategically chosen as the southeastern United States has become the manufacturing hub of the automotive industry with manufacturers including Volkswagen, Porsche, BMW, Mercedes-Benz, and Kia Motors all operating factories in the area
At the announcement of the new plant, Georgia Governor Nathan Deal said, “By choosing Georgia, SK innovation will have access to our skilled workforce and extensive manufacturing resources, while also joining a number of other Korean-affiliated companies that operate manufacturing facilities across the state,”
“We will grow into a global top player in the global battery market, which is viewed as the second semiconductor due to its key role in the global auto industry,” SK Innovation CEO Kim Jun said at the announcement event.
Construction of the new site will begin in early 2019 and is scheduled to be completed in 2022. The facility will have a projected production output of 327,000 high-performance EV batteries every year.