logo
  

Hyundai Motor Group Signs MOU With SK On For EV Battery Facility

Hyundai Motor Group (HYMLF.OB,HYMTF.OB) and SK On Thursday announced the signing of a memorandum of understanding for a new EV battery facility in the U.S.

SK On is the lithium-ion battery subsidiary branch of SK Innovation and currently employs more than 2,000 Georgians at its SK Battery America facility in Commerce.

The new facility will be located at Bartow Centre and start operations by 2025.
In July, SK Battery America announced it would partner with the Work for Warriors Georgia program to hire veterans, servicemembers, and their families at their Georgia operations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ... Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...
Follow RTT