A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.
The Georgia plant, which is operated through a joint venture between Hyundai and South Korea’s LG Energy Solution 373220.KS, was at the center of the largest single-site enforcement operation in the U.S. Department of Homeland Security’s history last week.
The plant, part of a $7.6 billion factory complex to make battery-powered models, was slated to come online later this year.
Munoz, in his first