Georgia has received $17.5 billion in investment by Korean firms since 2020
Supporting 23,000 total jobs in the state, Korean companies like Kia, Hyundai Motor Group, SK Group and others are continuing to invest.
$42.7 expansion planned by BorgWarner Inc. in Oconee County, S.C.
As part of its “Charging Forward” initiative, the Auburn Hills, Mich.-based automotive supplier will create 122 new jobs in its plans to upgrade its facility in Seneca to integrate new EV battery systems.
EV car maker Rivian to invest $10 million in Bullitt County, Kentucky
The planned remanufacturing facility in Shepherdsville will create 218 high-paying jobs, continuing the EV industries’ growth in the state.
Westwater Resources plans $202 million graphite plant in Alabama
The Coosa County plant will supply material for EV battery manufacturer SK On.
Telsa breaks ground on its in-house lithium refinery near Robstown, Texas
A major investment by Tesla, the plant will produce battery-grade lithium and manufacture battery materials. The first of its kind in North America, the facility will adopt an industrial refining method using acid-free lithium routes.
Volkswagen plans to hire 500 workers in Chattanooga, Tenn.
The automaker will be hiring for its manufacturing plant in Hamilton County, raising its employee number to 5,500. The Chattanooga facility manufactures the electric ID.4 SUV as well as the Atlas and Atlas Cross Sport SUVs.
Hanon Systems to build auto parts factory near Hyundai Motor Group’s coastal Georgia EV plant
The Korean auto parts maker will invest $40 million and employ 160 people in its new facility in Bulloch County, Ga. The future $5.54 billion Hyundai EV plant is the largest economic development project in state history.
Heyco Werk USA Inc. to expand in Emporia, Va.
The automotive parts manufacturer will invest $5.4 million and create 21 jobs with its expansion in Greenville County. The company produces plastic molder parts for the auto industry, specifically meeting needs for the BMW plant in South Carolina.
Toyota invests an additional $2.1 billion in North Carolina
The automaker’s latest investment in its EV battery plant near Greensboro brings the total investment there to nearly $6 billion. The company has yet to announce employment numbers, but expects to hire a similar number to the expansion last year, which grew job numbers by about 350.
Hyundai, LG to build $4.3 billion EV battery plant in Georgia
The electric vehicle battery plant near Savannah in Bryan County will become the second battery plant Hyundai is building in the state. The project is a part of its previously announced, $5.5 billion plant in Bryan County, which will bring 8,100 jobs.
Steel Dynamics breaks ground on $2.5 billion aluminum factory in Mississippi
The Lowndes County plant was announced by Golden Triangle CEO Joe Max Higgins. The mill will produce nearly 650,000 tons of finished product for the beverage packaging, automotive and alloy industry.
SK Signet opens EV charger manufacturing facility in Plano, Texas
The company’s ribbon-cutting ceremony marks the first SK Signet manufacturing facility located in the U.S. The facility plans to produce more than 10,000 chargers for electric vehicles and is expected to bring 183 jobs by 2026.
INFAC North America plans expansion in Taylor County, Ky.
The automotive industry manufacturer will break ground in Campbellsville as the company invests $53 million. The expansion will create 220 jobs. This will mark the second expansion by the company at their facility in Campbellsville since starting operations in 2008.
GM will invest $500 million in Texas plant
GM’s investment will prepare its Arlington, Texas facility to produce its next generation of SUVs. The investment confirms that the company plans to continue investment in its traditionally powered vehicles in preparation for its emerging EV business.
