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Hyundai Motor and SK ON to Invest $5 Billion for EV Battery Plant in US

The facility is expected to produce 35 GWh of EV battery cells annually

April 25, 2023

/ Gourav Mishra
/ Electric Vehicles, Finance and M&A
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Hyundai Motor Group said it will form a 50:50 joint venture with EV battery maker SK On to invest $5 billion in an electric vehicle (EV) battery cell production facility in the United States.

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Gourav Mishra

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BatteryCellElectricHyundaiproductionSK ONVehicles
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