LG and Hyundai to Build $4.3 Billion Battery Cell Manufacturing Unit in US
Both companies will hold a 50% stake in the joint venture
May 29, 2023
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LG Energy Solution (LGES) and Hyundai Motor Group have announced a joint venture to manufacture electric vehicle (EV) battery cells in the United States. The partnership aims to accelerate the group’s electrification efforts in North America and establish a strong foundation for the global EV transition.