Reported about 9 hours ago
Hyundai's battery plant in Georgia is expected to face a startup delay of two to three months due to a recent immigration raid, as reported by CEO Jose Munoz. The facility, part of a $7.6 billion investment with LG Energy Solution, was involved in a significant enforcement operation that led to the arrest of approximately 475 workers, predominantly South Korean nationals. While Hyundai seeks alternatives for battery sourcing during this delay, the incident has had widespread repercussions across LG's other operations in the U.S.
Source: YAHOO