{"id":16455,"date":"2023-04-27T19:17:14","date_gmt":"2023-04-27T19:17:14","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us"},"modified":"2023-04-27T20:07:37","modified_gmt":"2023-04-27T20:07:37","slug":"hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us","title":{"rendered":"Hyundai, SK On partner on electric vehicle battery cell production in US"},"content":{"rendered":"

Africa-Press – Eritrea. <\/strong><\/span>Hyundai Motor Group said its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with its partner, SK On.<\/p>\n

The total investment for the joint venture is expected to be around $5 billion, with the South Korean companies each holding a 50% stake, it said late Tuesday.<\/p>\n

The joint venture aims to establish an EV battery cell plant in Bartow County, Georgia, which is close to Hyundai’s production facilities in the US — its motor manufacturing in the states of Alabama and Georgia.<\/p>\n

The new plant is expected to start manufacturing battery cells in the second half of 2025 with an annual production capacity of 35 gigawatt hours, which is sufficient to support the production of 300,000 EVs, it said.<\/p>\n

SK On has been a partner for Hyundai, working jointly on the production of EV models, such as the Hyundai IONIQ 5, Kia EV6 and Genesis GV60.<\/p>\n

For More News And Analysis About Eritrea<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. Hyundai Motor Group said its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with its partner, SK On. The total investment for the joint venture is expected to be around $5 billion, with the South Korean companies each holding a 50% stake, it said […]<\/p>\n","protected":false},"author":84,"featured_media":16454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[242,243,1972,233,1974,1973],"class_list":["post-16455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-eritrea","tag-electric-vehicle-ev","tag-eritrea","tag-hyundai","tag-sk-on"],"yoast_head":"\nHyundai, SK On partner on electric vehicle battery cell production in US - Eritrea<\/title>\n<meta name=\"description\" content=\"Hyundai Motor Group said its plans to set up an electric vehicle (EV) battery cell production joint venture in the US wi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai, SK On partner on electric vehicle battery cell production in US\" \/>\n<meta property=\"og:description\" content=\"Hyundai Motor Group said its plans to set up an electric vehicle (EV) battery cell production joint venture in the US wi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T19:17:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T20:07:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/04\/postQueueImg_1682606854.89.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Hyundai, SK On partner on electric vehicle battery cell production in US\",\"datePublished\":\"2023-04-27T19:17:14+00:00\",\"dateModified\":\"2023-04-27T20:07:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/04\/postQueueImg_1682606854.89.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"electric vehicle (EV)\",\"Eritrea\",\"Hyundai\",\"SK On\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/hyundai-sk-on-partner-on-electric-vehicle-battery-cell-production-in-us\",\"name\":\"Hyundai, SK On partner on electric vehicle battery cell production in US - 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