Magna E-Car Forms Battery JV with Hyundai Heavy Industries

Magna E-Car Systems (Magna E-Car) and Hyundai Heavy Industries (HHI) agreed to form a joint venture named MAHY E-CELL to develop battery cells and battery packs for hybrid and electric cars. Under the agreement, HHI and Magna E-Car will jointly conduct engineering, design, development and testing activities with the goal of preliminary validation of battery […]