Hyundai Motor and LG Energy Solution will build joint plant for production of EV batteries

Hyundai Engine declared on Friday it intends to contribute 1.43 trillion won ($1.1 billion) to construct an electric battery joint endeavor with LG Energy Arrangement in North America.

The joint endeavor will contribute a sum of 5.7 trillion prevailed upon the following six years to acquire seriousness in the North America auto market, the organization said in an administrative documenting.