Jung In-bo, fourth from left, head of Hyundai Mobis' Spanish electrification plant, cuts a ribbon with Sebastian Marco, fifth from left, mayor of the country's Noain Municipality, during a groundbreaking ceremony for the firm's new battery system plant there, Tuesday. The company will invest 170 billion won ($124 million) to manufacture battery systems to be supplied to Volkswagen Group after receiving an order from the German carmaker last year. Courtesy of Hyundai Mobis