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South Korea's Hyundai Motor Group is considering investing 100 billion Korean Won (approximately $74.4 million) in POSCO Future M's Vietnam factory.
Hyundai Motor Group has signed a letter of intent with South Korean battery materials manufacturer POSCO Future M to consider investing 100 billion Korean Won (approximately $74.4 million) in its synthetic graphite anode material project in Vietnam. Under the agreement, Hyundai Motor Group will seek priority procurement rights for the project and collaborate with POSCO Future M on early product development.
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