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. Under the plan, Hyundai Heavy and Magna E-Car will carry out joint research and set up a production line in the Canadian province, aiming to churn out 1,000 battery packs annually starting 2014. Korea Herald.
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