India Post Daily
Buisness

Check Details: Samsung SDI to Start Supplying EV Batteries to Hyundai Motor in 2026

<p>As part of the first battery supply agreement between the two businesses, Samsung SDI of South Korea said on Monday that it would provide Hyundai Motor with electric vehicle (EV) batteries for seven years beginning in 2026.<img decoding=”async” class=”alignnone wp-image-249443″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-fans-guess-whos-taller-as-kriti-sanon-poses-with-shilpa-shetty-for-navratri-in-ker-750×420.jpeg” alt=”theindiaprint.com fans guess whos taller as kriti sanon poses with shilpa shetty for navratri in ker” width=”1536″ height=”860″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-fans-guess-whos-taller-as-kriti-sanon-poses-with-shilpa-shetty-for-navratri-in-ker-750×420.jpeg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-fans-guess-whos-taller-as-kriti-sanon-poses-with-shilpa-shetty-for-navratri-in-ker-768×431.jpeg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-fans-guess-whos-taller-as-kriti-sanon-poses-with-shilpa-shetty-for-navratri-in-ker-150×84.jpeg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-fans-guess-whos-taller-as-kriti-sanon-poses-with-shilpa-shetty-for-navratri-in-ker.jpeg 1024w” sizes=”(max-width: 1536px) 100vw, 1536px” title=”Check Details: Samsung SDI to Start Supplying EV Batteries to Hyundai Motor in 2026 6″></p>
<p>According to a statement from Samsung SDI, “the latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries.”</p>
<p>The battery manufacturer, which also supplies General Motors Co., Stellantis, and BMW, revealed that from 2026 to 2032, it would provide prismatic batteries made at its Hungary-based production for Hyundai Motor’s EVs aimed for the European market.</p>
<p>Samsung SDI would probably deliver EV batteries that could power around 500,000 EVs over the next seven years, according to a person familiar with the situation who spoke to Reuters. Samsung SDI and Hyundai Motor did not specify the amount of the transaction.</p>
<p>Earlier this month, Samsung SDI announced plans to spend $2 billion on the construction of a second joint EV battery facility in Indiana, the United States, with Stellantis. Production is expected to begin in 2027.</p>
<p>As of 02:03 GMT, Samsung SDI shares were trading up 0.3% while the benchmark KOSPI was down 0.1%.</p>

Related posts

Missed an EMI on a loan? Don’t Worry! Here are the next steps

cradmin

On October 17, Okaya EV will introduce the Moto Faast electric scooter, which has a 130-kilometer driving range

cradmin

Business: PMI: Despite a slight decrease in May, the second strongest growth in the country’s service sector in 13 years

cradmin