S Korea's Hyundai Motor, SK On to build $1.9b JV battery plant in US

S Korea's Hyundai Motor, SK On to build $1.9b JV battery plant in US

FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/

South Korea’s Hyundai Motor Co and SK On plan to invest about 2.5 trillion won ($1.88 billion) to build a new joint venture battery factory in the United States, the Korea Economic Newspaper reported on Friday.

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