A South Korean company will open a factory in the Atlanta suburbs to manufacture parts for electric batteries.
NVH Korea announced Thursday that it would invest $72 million in a plant in Locust Grove, south of Atlanta, and hire 140 workers. The plant will produce sensors, connectors and protection devices for electric vehicle batteries and will start operations in 2024.
Chairman and CEO Ja Kyum Koo said in a statement that this is NVH Korea’s first venture into manufacturing electric battery components.
Ulsan-based NVH Korea is the tenth supplier to settle in the region after Hyundai announced in 2022 a $5.5 billion electric vehicle assembly plant in Ellabell, Georgia, near Savannah and build batteries. The site could grow to 8,100 employees and is scheduled to start producing vehicles in 2025.
The suppliers have pledged to invest nearly $2.1 billion and hire nearly 4,900 workers.
It is NVH Korea’s second plant in Georgia. The subsidiary AFS America in Columbus manufactures floor mats and charging pods for the Hyundai plant in Montgomery, Alabama, Kia’s sister 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 produces soundproofing parts and materials, floor mats, headliners, insulators, and parts for controlling engine and cooling system temperatures.
The State of Georgia will fund the training of NVH Korea workers. The company could be eligible for $1.2 million in state income tax credits, or $1,750 per job over five years, provided workers earn at least $31,300 a year. The company could qualify for other incentives, including property tax breaks from Locust Grove and Henry County.