South Korean carmaker Hyundai Motor and battery company LG Energy Solution have committed another US$2 billion to their joint battery cell manufacturing facility in Georgia, the US. Hyundai broke ground on its Metaplant in Bryan County, Georgia, last October. In May 2023, the automaker signed a memorandum of understanding with LGES, making the latter a partner for the onsite battery cell manufacturing joint venture. According to an announcement, the additional US$2 billion will raise the joint venture's total investment value to more than US$4.3 billion and create another 400 new jobs. Hyundai said with additional investment from the JV, the EV manufacturing facility and the battery JV represent an estimated US$7.59 billion in capital investment and will create 8,500 new jobs for the region over the next eight years. According to Hyundai, the battery cell manufacturing facility will have an annual production capacity of 30GWh at full operations, which can support 300,000 EVs.