Hyundai has a plan to lower EV prices by making its own cheaper LFP batteries
The Hyundai Motor Group plans to build its own LFP batteries to support cheaper EV prices. Industry sources said the automaker is expected to introduce LFP batteries in Hyundai and Kia electric cars from 2025. At its 2023 investor day in June, Hyundai revealed a $7.3 billion investment ( KRW 9.5 trillion) to develop EV […]