LG Energy Solutions & Hyundai team up for battery plant in the United States
Teslarati
MAY 31, 2023
LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. billion The parties agreed to produce EV batteries so Hyundai could accelerate its electrification efforts in North America. Each company holds a 50% stake in the joint venture for the U.S.-based based battery plant.
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