Hyundai Approves EV Battery Joint Venture

May 1, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Hyundai Motor Group (Seoul, South Korea) announced it has approved a U.S. electric vehicle (EV) battery-production joint venture with a subsidiary of South Korean firm SK Innovation Company Limited (Seoul), which features the construction of a $5 billion lithium ion battery-manufacturing plant in Barstow County, Georgia. Industrial Info is tracking another major EV battery project from Hyundai in Georgia, which is part of the automaker's $12.2 billion worth of projects in the U.S. being tracked by Industrial Info.