{"id":19022,"date":"2023-05-25T22:35:01","date_gmt":"2023-05-26T02:35:01","guid":{"rendered":"https:\/\/www.ossoff.senate.gov\/?post_type=press-releases&#038;p=19022"},"modified":"2023-05-25T22:56:04","modified_gmt":"2023-05-26T02:56:04","slug":"sen-ossoff-lg-energy-solutions-hyundai-to-build-4-3-billion-ev-battery-plant-in-georgia-create-3000-jobs","status":"publish","type":"press-releases","link":"https:\/\/www.ossoff.senate.gov\/es\/press-releases\/sen-ossoff-lg-energy-solutions-hyundai-to-build-4-3-billion-ev-battery-plant-in-georgia-create-3000-jobs\/","title":{"rendered":"Sen. Ossoff: LG Energy Solution &#038; Hyundai to Build $4.3 Billion EV Battery Plant in Georgia, Create 3,000 Jobs"},"content":{"rendered":"<p class=\"has-text-align-center\"><em>Sen. Ossoff\u2019s announcement follows Senator\u2019s April trade mission to South Korea<\/em><\/p>\n\n\n\n<p class=\"has-text-align-center\"><em>Manufacturing incentives in \u201cInflation Reduction Act\u201d (IRA) attract another major investment to Peach State<\/em><\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/www.ft.com\/content\/b6cd46de-52d6-4641-860b-5f2c1b0c5622\"><em>Financial Times:<\/em><\/a><em>&nbsp;Georgia ranks 2nd nationwide in new investment from IRA manufacturing incentives<\/em><\/p>\n\n\n\n<p><strong>Bryan County, Ga.\u00a0<\/strong>\u2014 U.S. Senator Jon Ossoff announced tonight manufacturing incentives in the\u00a0<em>Inflation Reduction Act\u00a0<\/em>have attracted another major industrial investment to Georgia \u2014\u00a0this time, LG Energy Solution and Hyundai will jointly build a $4.3 billion EV plant in the Peach State.<\/p>\n\n\n\n<p>Sen. Ossoff announced the news Thursday, weeks after leading an\u00a0<a href=\"https:\/\/www.ossoff.senate.gov\/es\/press-releases\/georgia-jobs-sen-ossoff-leads-second-economic-delegation-to-attract-more-korean-investment-to-georgia\/\">April trade mission to South Korea<\/a>, where he met with senior executives from both firms. Sen. Ossoff met again in late April with LG Energy Solution executives in Washington to discuss the deal.<\/p>\n\n\n\n<p>The two companies will jointly invest $4.3 billion to open a new EV battery plant that will supply Hyundai\u2019s EV manufacturing site in Bryan County. The investment is expected to create 3,000 jobs. According to the companies, full-scale production is expected to be online by the end of 2025.<\/p>\n\n\n\n<p>\u201cWhen I led a trade delegation to South Korea last month, securing&nbsp;this LG-Hyundai battery&nbsp;investment to Georgia was a key goal. The IRA\u2019s manufacturing incentives continue to bring jobs and investment to Georgia,\u201d&nbsp;<strong>Sen. Ossoff said.<\/strong>&nbsp;\u201cMy goal remains to make Georgia the world leader in advanced energy production. I thank LG Chairman Koo Kwang-mo,&nbsp;LG Energy Solutions President David Kim, Hyundai Chairman Chung Eui-sun, Senator Reverend Warnock, and all local and state officials who made today\u2019s historic announcement possible.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ft.com\/content\/b6cd46de-52d6-4641-860b-5f2c1b0c5622\">According to the Financial Times<\/a>, Georgia is second in the nation in new investments from the IRA\u2019s manufacturing incentives.<\/p>\n\n\n\n<p>Earlier this year, Sen. Ossoff announced another $2.5 billion investment in solar manufacturing by Qcells in Dalton and Cartersville, incentivized by his solar manufacturing legislation within the IRA.<\/p>\n\n\n\n<p class=\"has-text-align-center\"># # #<\/p>","protected":false},"excerpt":{"rendered":"<p>Sen. Ossoff\u2019s announcement follows Senator\u2019s April trade mission to South Korea Manufacturing incentives in \u201cInflation Reduction Act\u201d (IRA) attract another major investment to Peach State Financial Times:&nbsp;Georgia ranks 2nd nationwide in new investment from IRA manufacturing incentives Bryan County, Ga.\u00a0\u2014 U.S. Senator Jon Ossoff announced tonight manufacturing incentives in the\u00a0Inflation Reduction Act\u00a0have attracted another major [&hellip;]<\/p>","protected":false},"author":57,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-19022","press-releases","type-press-releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/types\/press-releases"}],"author":[{"embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/users\/57"}],"version-history":[{"count":5,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19022\/revisions"}],"predecessor-version":[{"id":19032,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/press_releases\/19022\/revisions\/19032"}],"wp:attachment":[{"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/media?parent=19022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/categories?post=19022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ossoff.senate.gov\/es\/wp-json\/wp\/v2\/tags?post=19022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}