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Hyundai splashes $5.5 billion on first EV-only plant

Hyundai is investing in its first EV-only plant in Savannah, Georgia.

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Activist investor Paul Singer’s Elliott Management Corp. has lost his showdown with Hyundai in a proxy fight over reform a year after his hedge fund successfully blocked a multi-billion dollar merger.
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South Korea's Hyundai Motor said on Friday it was in early talks with Apple after a domestic broadcaster said the firms were discussing an electric car and battery tie-up.
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South Korea's Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.