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South Korea's Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits.
A funding fight over an Ontario EV battery cell plant has highlighted the frailties in Canada's approach to industrial policy. Read on.
SEOUL: South Korea’s Hyundai Motor Group and LG Energy Solution Ltd will invest 5.7 trillion won (US$4.3 billion) to produce electric-car batteries in the US to comply with President Joe Biden’s clean energy tax law, which seeks to encourage domestic production and reduce reliance on Chinese suppliers.
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Premier’s comments come after a week of pressure from the automaker as construction at a Windsor, Ont. plant was halted over a funding dispute
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Also: Smith is asking mainstream voters to look past a flood of anti-science or ahistorical pronouncements from her past