LG Energy Solution and Honda Motor Co., Ltd. announced in August, 2022, an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market. The JV battery company was then formally established on January 13, 2023, with plans for production to begin by the end of 2025.
Location: Jeffersonville, Ohio.
The Taylor site is a $17 billion investment, part of more than $47 billion the company has invested in the U.S. since arriving here in 1978. Over the planned project duration, the company could potentially build multiple labs here as a secondary cluster to their Austin site. Construction was going on in parallel on an array of supporting buildings for chemical and gas supplies, a utility building, an office building, the manufacturing facility, and a parking garage. In addition, there is also a massive “back house” infrastructure going in, including bulk gas facilities, a water reclamation facility, and an electrical substation.
Location:Taylor,Texas.
The project is expected to bring 3,000 new jobs to southeast Georgia by the end of 2025. It is the second battery manufacturing plant that Hyundai is developing in the state, which has used incentives in the Inflation Reduction Act to open new facilities. Hyundai announced in December that it had teamed up with SK On, a South Korean electric vehicle battery developer, to build a plant in Bartow County.
Location: Savannah, Georgia.
SK hynix is considering whether to build an advanced packaging facility in Indiana, reports the Wall Street Journal. If the company proceeds with the plan, it intends to invest $4 billion in it and construct one of the world's largest advanced packaging facilities. But to accomplish the project, SK hynix expects it will need help from the U.S. government.
Location: Indiana
SK hynix is considering whether to build an advanced packaging facility in Indiana, reports the Wall Street Journal. If the company proceeds with the plan, it intends to invest $4 billion in it and construct one of the world's largest advanced packaging facilities. But to accomplish the project, SK hynix expects it will need help from the U.S. government.
Location: Indiana
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