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24 Aug
17:21

BYD, KG Mobility to form battery JV in South Korea: reports

Chinese EV and battery manufacturer BYD is reportedly mulling a joint venture in South Korea with local carmaker KG Mobility, formerly known as SsangYong Motor Co. According to several reports, the companies are planning to build a battery manufacturing plant to supply KG with lithium iron phosphate (LFP) batteries. The cheaper chemistry, widely used in Chinese EVs, is said to be planned for KG’s mid-sized electric SUV Torres EVX, set to launch in September…
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