Hyundai Motor Group And SK On Announce EV Battery MOU via insideevs.com
- all produced in South Korea. The company also has two battery plants in Georgia and a few other projects with various manufacturers .
An interesting thing is that SK On directly points out the US Inflation Reduction Act as a major change and that the partnership is crucial to comply with the new requirements. This means a series of IRA restrictions that lead to production/processing of key minerals for electric vehicle batteries and assembly of electric vehicles can be met through cooperation between the two companies.
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