# Hyundai opens $5 billion battery plant as it pushes to become America's #2 EV brand

> Hyundai opened the doors to its latest EV battery plant, a $5 billion joint facility with SK On. Hyundai opens $5B EV battery plant with SK On The facility was first announced in late 2022 as part of Hyundai’s $12.

- **Source:** [Electrek](https://electrek.co/2026/07/15/hyundai-opens-5b-battery-plant-push-for-americas-2-ev-brand/?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6a57d152b4d99f39d4e9ef5d)
- **Published:** 2026-07-15
- **Category:** Cars
- **Tags:** #lg #tesla #ev
- **Canonical:** http://localhost:4321/a/6a57d152b4d99f39d4e9ef5d

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_GearOpen's distilled summary. The full original article is published at Electrek (source link above); GearOpen does not republish the source's full text._