WHY?: While The Detroit 3 Are Busy Moving Jobs To Mexico, The Koreans Are Investing $40 BILLION In US Plants

The Biden administration is keen for US electric vehicle manufacturing to ramp up fast, so South Korean companies are going to help.

South Korean president Moon Jae-in and CEOs of Korean companies have pledged that the latter will make big investments in the manufacturing of such EV tech as batteries and semiconductors in the US. The two countries are collaborating to compete with China and create a stable supply chain.

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