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Hyundai Motor, LG Energy to Team Up for Battery Factory in Indonesia

Hyundai Motor, LG Energy to Team Up for Battery Factory in Indonesia

SEOUL, July 29 (Korea Bizwire) — South Korean automaker Hyundai Motor Group and battery maker LG Energy Solution Ltd. said Thursday they will form a US$1.1 billion joint venture to build an electric vehicle battery plant in Indonesia. Hyundai Motor Group and LG Energy signed a memorandum of understanding with the Indonesian government to build [...]