Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US
Green Car Congress
MAY 26, 2023
Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. The Hyundai Elantra Hybrid, LPi hybrid vehicle introduced in 2009, was the Group’s first electrified model.
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