Hyundai to buy EV batteries from SK Innovation
2019-12-26 14:55:46 [Print]
Hyundai Motor and affiliate Kia Motors have decided to secure electric vehicle (EV) batteries from SK Innovation for the next four to five years, revealed industry sources.
The sources said the deal was worth more than 10 trillion won ($8.6 billion).
Hyundai Motor said in October it would launch 16 EV models by 2025, aiming to boost EV sales 560,000 by then, a level that would be equivalent to more than 10% of its projected global sales this year.
The sources said the deal was worth more than 10 trillion won ($8.6 billion).
Hyundai Motor said in October it would launch 16 EV models by 2025, aiming to boost EV sales 560,000 by then, a level that would be equivalent to more than 10% of its projected global sales this year.
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