Hyundai readies U.S. battery plant as Q1 profit more than doubles

Ioniq 5 Main art.jpg — Battery cells from the Georgia plant will be used to build models including the Hyundai Ioniq 5 EV.

By:

Reuters

April 25, 2023 08:40 AM

SEOUL -- Hyundai Motor has finalized a $5 billion electric vehicle battery joint venture in the U.S., boosting electrification efforts in its largest market.

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