Hyundai partners with SK On to secure EV battery supply for North America.
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Hyundai partners with SK On to secure EV battery supply for North America.

As per the partnership, SK On will supply EV batteries to the Hyundai Motor Group in North America after 2025.

Hyundai Motor Group announced today that it signed an MoU with SK On to secure a supply of EV batteries in North America. Both companies signed the MoU at SK Group Headquarters in Korea in the presence of Heung-soo Kim, Executive Vice President and Head of Corporate Future Growth Planning Division & EV Division of Hyundai Motor Group, and Young-chan Choi, Chief Administrative Officer of SK On.

Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the U.S. after 2025 for EV production. Further details on the cooperation will be revealed at a later stage.

Hyundai’s Executive Vice President Heung-soo Kim said: Through the EV battery MOU, we will be able to further accelerate our efforts to secure EV leadership in the U.S. market. We expect the stable supply of EV batteries will also enable us to contribute to emissions reduction and meet climate goals in the U.S. market.

SK On Chief Administrative Officer Choi Young-chan said: We expect the cooperation between SK On and Hyundai Motor Group to create a big synergy. Both sides can hold a solid position in the process of electrification in the North American auto market.

Also Read: Switch Mobility to deliver electric buses to JSW for employee transportation.

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