Hyundai Motor Group, LG Energy to build $4.3 billion EV battery plant in US

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.
Manufacturers must adhere to new US sourcing requirements for EV battery components and critical minerals so that buyers of their vehicles can qualify for up to $7,500…

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