$4.3 Billion EV Battery Plant will be developed in the US by Hyundai Motor Group and LG Energy
In an effort to benefit from tax, South Korea’s Hyundai Motor Group and LG Energy Solution Ltd said on Friday that they will construct a $4.3 billion electric vehicle (EV) battery facility in the United States. To be eligible for up to $7,500 in tax credits under the Inflation Reduction Act (IRA), purchasers of manufacturers’…