South Korean company invests $72M in suburban Atlanta factory making electric battery parts

A South Korean company will open a factory in suburban Atlanta to make parts for electric batteries.

NVH Korea said Thursday that it would invest $72 million in a plant in Locust Grove, south of Atlanta, hiring 140 workers. The plant will make sensors, connections and protectors for electric vehicle batteries, beginning operations in 2024.

Chairman and CEO Ja Kyum Koo said in a statement that it’s NVH Korea’s first venture into making components for electric batteries.

Based in Ulsan, NVH Korea is the 10th supplier to locate in the region after Hyundai said in 2022 that it would build a $5.5 billion plant to assemble electric vehicles and batteries in Ellabell, Georgia, near Savannah. The site could grow to 8,100 employees and is slated to begin producing vehicles in 2025.


Suppliers have pledged to invest nearly $2.1 billion and to hire nearly 4,900 people.

It’s NVH Korea’s second plant in Georgia. Subsidiary AFS America in Columbus makes floor mats and cargo trays for the Hyundai plant in Montgomery, Alabama, the sister Kia plant in West Point, Georgia, and for General Motors.

NVH Korea has 19 plants worldwide in South Korea, North America, China, India, Europe and Russia. It makes sound-dampening parts and materials, floor mats, headliners, insulators, as well as parts to help manage engine and cooling system temperatures.

The state of Georgia will pay to train NVH Korea’s workers. The company could qualify for $1.2 million in state income tax credits, at $1,750 per job over five years, as long as workers make at least $31,300 a year. The company could qualify for other incentives, including property tax breaks from Locust Grove and Henry County.



Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.


On Key

Related Posts

Negatives of Trusts in Florida

Negatives of Trusts in Florida: A Comprehensive Analysis Welcome to Morgan Legal Group, your trusted legal partner in Miami. In this comprehensive analysis, we explore

Probate in Florida

Probate in Florida: Navigating the Legal Landscape Probate is a critical legal process that follows the passing of an individual, involving the validation of their