South Korea's Hyundai Motor Group and LG Chem Ltd are considering establishing an #electricvehicle (EV) #battery cell manufacturing joint venture in #Indonesia, a person familiar with the matter told Reuters.
Global automakers are moving to secure electric vehicle batteries in anticipation of a rise in EV sales due to government subsidies and quotas designed to cut carbon emissions.
In recent years, battery maker LG Chem has set up separate ventures with both General Motors and Geely Automobile Holdings. LG Chem supplies batteries to Hyundai, Tesla and other automakers.
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Global automakers are moving to secure electric vehicle batteries in anticipation of a rise in EV sales due to government subsidies and quotas designed to cut carbon emissions.
In recent years, battery maker LG Chem has set up separate ventures with both General Motors and Geely Automobile Holdings. LG Chem supplies batteries to Hyundai, Tesla and other automakers.
Access @nasdaq article through our Twitter post.
#StaySafe #StayHealthy
View on Instagram