HSBMA (Hyundai-SK Battery Manufacturing America) LLC.

hsbma.com

HSBMA (Hyundai-SK Battery Manufacturing America) LLC. is the joint venture company between Hyundai Motor Group and SK on. The joint venture plans to invest $5 billion to build an EV battery cell plant in Bartow County, Georgia. Hyundai Motor Group and SK On will each hold a 50 percent stake in the joint venture. The new plant created by the two companies is expected to start manufacturing battery cells in the second half of 2026 with an annual production capacity of 35 GWh, enough to support the production of 300,000 EVs a year. The future Bartow County plant in northwest Georgia is strategically located near Hyundai Motor Group’s existing and planned U.S. facilities. Hyundai Motor Group broke ground last year on the new Hyundai Motor Group Metaplant America in southeast Georgia to make future Hyundai, Genesis and Kia EVs. The new site also adds to SK On’s existing presence in Georgia. In 2022, SK started production of EV batteries at its SK Battery America site in Commerce, Georgia. SK Battery America, a $2.6 billion investment, has an annual capacity of about 22 GWh, enough to support the production of more than 200,000 EVs a year.