A South Korean company that recycles metals and battery components plans to build its first U.S. facility in North Georgia, another addition to the state's burgeoning electric vehicle sector.
SungEel HiTech Co. will build a $37 million recycling center in Toccoa in Stephens County where it will recycle lithium-ion batteries and battery manufacturing scrap material, according to a news release Thursday from Gov. Brian Kemp's office. The company plans to hire 104 people for the future recycling center, which is expected to begin operations in early 2024, the release said.
EVs make up a tiny percentage of vehicles on American roads, but automakers and the federal government are investing hundreds of billions of dollars, collectively, to promote electric vehicle manufacturing. President Joe Biden has signed a bipartisan infrastructure bill and the Democrats' climate and health care bill that includes funding to expand EV manufacturing and supply chain, charging and tax credits to buy the vehicles.
