Hyundai, SK On name US battery joint venture

Hyundai Motor Group and SK On have officially named their US battery joint venture Hyundai SK Battery Manufacturing America. In a LinkedIn post Friday, Hyundai-SK America Green Power Energy — the joint venture’s provisional name — announced that it has finalized its name as HSBMA. Unveiled on April 25, 2023, the joint venture — in which both companies holding equal 50 percent stakes — is now more than 90 percent complete and set to begin commercial operations later this year. The facility in Bar