Hyundai Heavy Industries is venturing into the lithium-ion battery market for electric vehicles, hoping to bask in the soaring demand for lengthy-range, environmentally friendly subsequent-generation vehicles.
The world’s largest shipyard said it clinched an agreement Monday with Canadian auto components maker Magna E-Car Systems to launch a $ 200 million joint venture. The Korean company would take a 40 percent stake and the Ontario-based firm the remainder.
Magna E-Auto is another
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