Sept 2 (Reuters) - Australia andNew Zealand Banking Group (ANZ.AX) has set up a $711-million lending facility for a joint venture between Hyundai Motor (005380.KS) and LG Energy Solution (373220.KS) that makes batteries for electric vehicles (EV) in Indonesia.
ANZ said on Friday the lendingfacility for the joint venture HLI Green Power is a 10-year Korea TradeInsurance Corporation (K-Sure) backed Term Loan Facility.
Banks are now starting to Lend money to EV industry
COB Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
