SK Battery America is cutting 958 workers at its Georgia plant, 37% of the facility's workforce. The reason is straightforward: EV demand is not meeting projections, and battery production capacity has outpaced the market.
The EV supply chain overbuild is one of the defining industrial stories of 2026. Companies invested billions in battery factories based on adoption curves that assumed exponential growth. Reality has been more linear, and factories built for peak demand are now running at reduced capacity. SK's Georgia plant cuts join General Motors' Factory Zero reductions and Porsche's EV-related workforce plan as evidence that the EV transition timeline has stretched.
For Georgia specifically, these cuts hit a region that had positioned itself as a hub for EV manufacturing. State incentives attracted billions in investment, but the jobs those investments were supposed to create are now evaporating.