Hyundai, LG Energy to build $4.3 billion EV battery factory in U.S


Hyundai Motor Group and LG Energy Solution plan to build a $4.3 billion electric-vehicle battery factory in the U.S., strengthening their tie-up overseas to meet growing demand for EVs.
Executives from both sides signed an agreement in Seoul on Friday to construct a 50-50 EV battery cell joint venture in Savannah, Ga., where Hyundai Motor Group will build a new EV factory,…
This story appeared on marketwatch.com, 2023-05-26.