S Korea's Hyundai Motor, LG Chem mull EV battery JV in Indonesia

S Korea's Hyundai Motor, LG Chem mull EV battery JV in Indonesia

REUTERS/Chris Helgren

Hyundai Motor Group and LG Chem Ltd are considering establishing an electric vehicle (EV) battery manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday.

The investment size and production capacity have not been decided, the person said, declining to be identified as discussions are private.

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