Hyundai Joins Samsung SDI in Developing Electric Car Batteries
14 April, 2021
Hyundai and Samsung SDI have agreed to develop cutting-edge cylindrical batteries for the automaker's hybrid cars. The decision follows a rare conference this past year between Samsung chief Lee Jae-yong and Hyundai chief Chung Eui-sun.
At present, Hyundai uses sole batteries made by LG Energy Solution, nonetheless it hopes to diversify suppliers and begin employing batteries from Samsung SDI and SK Innovation from 2024. It also really wants to develop solid-express batteries with Samsung that fee faster than lithium-ion batteries and so are as well safer and smaller sized.
One motor vehicle industry insider said, "Samsung has solid-status battery pack patents and aims to roll away them by 2027, faster than its domestic rivals. That is why Hyundai sees Samsung as a significant partner."
Meanwhile, Samsung SDI can get supplying batteries for an electric pickup to U.S. start-up Rivian, which has been touted as another Tesla.
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