Hyundai Motors announces $5 billion battery joint venture

Hyundai Motors announces $5 billion battery joint venture.

The announcement by the firms formalises an earlier tentative deal and involves Hyundai and its partner SK On.

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The company is now on track to reach its annual projection for 2023.

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Hyundai Motor sold 1,021,712 units globally, up 13.2 percent from the same time last year.

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