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KG Steel to enter battery pack business

KG Steel Co., Ltd. (KG Steel), a steelmaker of the KG Group in South Korea, announced that it will enter into the electric vehicle (EV) battery pack business. From October 2023 to November 2023, the company will spend KRW JPY 70 billion (JPY 7.7 billion) to install equipment that can produce battery packs for 50,000 ....

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