Hyundai Group, SK On to establish USD 5 billion battery cell JV in Georgia

On April 25, Hyundai Motor Group announced plans for an EV battery cell production joint venture in the U.S. with partner SK On after Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.
The Group signed a memorandum of understanding (MOU....

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