
Hyundai Inks Deal to Build Full EV and Battery Plants in Georgia, US
According to Hyundai, commercial production is expected to yield an annual capacity of 300,000 units.
According to Hyundai, commercial production is expected to yield an annual capacity of 300,000 units.
Hyundai Motor Company is planning to mass-produce Electric Vehicles (EV) by developing solid-state batteries to implement this plan.
Apple and Hyundai can possibly release a “beta-version” of the car by 2022 and it will go into full-scale mass production by 2024. A Hyundai Motors spokesperson has subtly revealed that the two companies are in talks.
Goldman Sachs will serve as an advisor of the deal. Korean law firm Kim & Chang will be the legal counsel of the acquisition.
The noise around coronavirus is growing. Stocks in Asia are falling due to this situation and there are no signs of improvements.