Hyundai Heavy and Magna E-Car forming $200M JV for automotive Li-ion batteries
Green Car Congress
APRIL 2, 2012
Hyundai Heavy Industries (HHI) and Magna E-Car Systems are forming a $200-million automotive Li-ion battery joint venture. Magna E-Car supplies the powertrain to Ford Motor Co. HHI executives also suggested that the JV will facilitate securing energy storage technologies for solar and wind power generation.
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