Hyundai Motor and LG Chem attribute plans to set up a joint venture to produce batteries for electric cars

South Korean companies Hyundai Motor Group and LG Chem are considering setting up a joint venture in Indonesia to produce electric car batteries (EV). About Reuters it became known from the “person familiar with the issue.”

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Introduced New Hyundai Elantra

Hyundai Motor Company introduced a new generation of Elantra sedan, as well as a hybrid version of the car (for the first time in the history of the model). The new Elantra is made in the Hyundai corporate style “Sensuous Sportiness”, the dimensions of the car have increased. Length is 4650 mm (+30 mm), width – 1825 mm (+25 mm), height – 1420 mm (-20 mm). Wheelbase increased by 20 mm to 2720 mm. Wheel diameters can range from 15 to 17 inches.

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Former Yota CEO car startup to help Hyundai and Kia become electric car market leaders

Hyundai and Kia have already invested 100 million euros in Arrival, while the startup was estimated at 3 billion euros.
Hyundai Motor Company and Kia Motors Corporation have announced that they have invested $ 100 million in the British startup Arrival, whose main shareholder is former Yota CEO Denis Sverdlov.

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