Technical FAQs 4

How many EVS can a Hyundai plant power?

The initial US$1bn investment in the plant will produce 10 GWh of battery cells annually, enough to power 150,000 EVs. Plans are underway to expand this capacity to 20 GWh in the future. The launch marks a significant milestone in the partnership between Hyundai Motor Group and LG Energy Solution.

Does Hyundai have a battery plant in Indonesia?

The battery plant integrates with Hyundai's auto factory, which plans to produce 50,000 units of the Kona Electric SUV per year using Indonesian-made batteries. Hyundai and LG Energy Solution are preparing for the second phase of the battery plant, which involves an additional US$2bn investment to increase capacity by another 20 GWh.

Does Hyundai have a solid-state battery technology plan?

Hyundai has been striving for breakthroughs in solid-state battery technology since 2017. In 2021, the company announced a $7.3 billion investment plan focused on battery technologies, including lithium-metal and solid-state batteries. Its joint research projects now span 22 topics, with 14 directly related to solid-state battery technology.

Are Hyundai Motor Group & LG Energy Solution making EV batteries?

SEOUL, May 26, 2023 – Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the U.S. today. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America.

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Hyundai plans to build 3GWh energy storage project

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