LG Energy Solutions & Hyundai team up for battery plant in the United States
Teslarati
MAY 31, 2023
billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Hyundai aims to become one of the top three global automakers by 2030.
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