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Hyundai and LG partner to build a $4.3 billion-EV battery plant in US

Posted in sustainability, transportation

PhonlamaiPhoto/iStock.

With an investment of $4.3 billion, this joint venture (JV) aims to meet the soaring demand for electric vehicles and further solidify the position of both companies in the global EV market. Both LGES and Hyundai Motor Group will each hold a 50 percent stake.