During May, Hyundai has had a number of press releases. But, unlike most months, Hyundai had a couple of fun ones about a customer’s weird custom license plate and Spiderman. But, I know some readers are super cereal, so I decided to start with one serious one that’s a big move for the company. So, let’s start this news roundup with the super cereal one!
Hyundai and LG Agree To Set Up A Battery Factory
Hyundai Motor Group and LG Energy Solution (LGES) announced today that they have formed a joint venture to manufacture electric vehicle (EV) battery cells in the United States. Both companies signed a memorandum of understanding to produce EV batteries in the U.S., aiming to accelerate the Group’s electrification efforts in North America. The signing ceremony took place at LGES’s headquarters in Seoul on May 26, with the attendance of Jaehoon Chang, President and CEO of…
Read the full article originally published at cleantechnica.com.