LG Energy Solutions & Hyundai team up for battery plant in the United States
Teslarati
MAY 31, 2023
Tesla supplier LGES to quadruple investment in Arizona battery plant to $5.5 The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry.
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