Samsung SDI will supply batteries to Hyundai for its EVs in Europe

Samsung SDI announced it has struck a supply deal for electric vehicle batteries with Hyundai Motor for the first time. More specifically, it will supply prismatic batteries for Hyundai Motor’s electric vehicles targeting the European market for seven years from 2026 through 2032. The batteries to be supplied for Hyundai Motor will be the sixth edition of Samsung SDI’s prismatic battery, named as “P6.” P6 features a 91% nickel-high NCA cathode and Samsung SDI’s proprietary silicon-based anode, maximizing energy density to the highest level. P6 batteries will be manufactured at Samsung SDI’s Hungary plant and supplied to Hyundai Motor’s European production facility.

The partnership is expected to enable Hyundai to diversify battery form factors through the supply of prismatic batteries. The deal would provide a crucial chance for increased adoption of prismatic batteries for the automaker. For Samsung SDI, this means gaining additional growth momentum in line with the expansion of the partnership. The two companies plan to continue their partnership for leading research on next-generation battery platforms.

Samsung SDI and Stellantis announced that Kokomo, Indiana, will be the site for a second battery manufacturing facility in the United States as part of the StarPlus Energy joint venture. The new StarPlus Energy plant is expected to begin production in early 2027 with an annual capacity of 34 gigawatt hours (GWh). This will be the second StarPlus Energy gigafactory in Kokomo. Construction is already underway on the…

17 October 2023

Genesis, Hyundai, and Kia announced that their EV models will adopt the North American Charging Standard (NACS) in a year’s time. Thus, owners of those three brands will have access to 12,000+ Tesla Superchargers across North America – the U.S., Canada, and Mexico. Further, the companies expect to make available CCS1-to-NACS (Combined Charging System) adapters to enable nearly all Genesis, Hyundai, and Kia EVs to…

7 October 2023

The all-new 2024 Hyundai Kona for the U.S. market debuted in Baltimore, Maryland. The second-generation Kona offers one of the most comprehensive product packages in the small SUV segment, including the widest range of powertrains. The all-new 2024 Kona is on sale now at U.S. dealers and the Kona Electric will be available late fall. Kona Electric will be available in the following variants: Hyundai Kona Electric…

13 September 2023

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding…

1 September 2023

Business Korea reports that according to its industry and government sources, Samsung SDI and the Ulsan city officials are in talks regarding the expansion of the company’s Ulsan plant with an LFP battery production line. If these talks lead to actual construction, this will be the first lithium iron phosphate (LFP) battery production facility in South Korea. This type of battery is less efficient than the NMC one…

21 August 2023

Stellantis and Samsung SDI announced that they have signed a memorandum of understanding to establish a second battery manufacturing facility in the United States, under the existing StarPlus Energy joint venture. Targeted to start production in 2027, the plant aims to have an initial annual production capacity of 34 gigawatt hours (GWh). In May 2022, Stellantis and Samsung SDI announced their commitment to build a…

25 July 2023

Hyundai IONIQ 5 N debuted at the Goodwood Festival of Speed in West Sussex, England. This is Hyundai N’s first EV and combines the standard model’s Electrified-Global Modular Platform (E-GMP) with N’s motorsport-bred technologies and leverages N’s expertise from electrified ‘Rolling Labs’ to maximize the EV’s high-performance capabilities and ensure it meets N’s three performance pillars: ‘Corner Rascal,’ ‘Racetrack…

13 July 2023

The Elec reports that Samsung SDI plans to expand the production of batteries in its Goed, Hungary gigafactory and include the production of 46210 cells. According to the media sources, it is BMW who requested such cells from Samsung SDI. Meanwhile, BMW is building an EV factory in Debrecen, which is a 3-hour drive from Goed. The expansion will require an investment of 500 billion won for two production lines with…

11 July 2023

Hyundai held its 2023 CE Investor Day yesterday updating its “Hyundai Motor Way” strategy with accelerated electrification and future mobility goals. The company will implement this strategy and accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion over the next 10 years. Furthermore, in order to secure leadership in the future…

21 June 2023

Hyundai Mobis began construction of a new EV battery system plant in Indonesia, which it plans to be completed by the first half of next year. Hyundai Mobis intends to set Indonesia as a beachhead as the country is emerging as the heart of the ASEAN market and catapulting to being a leader of the electrification ecosystem, which include cells, battery systems, and OEMs. The company announced that it had held a…

31 May 2023

LG Energy Solution (LGES) and Hyundai Motor Group announced an EV battery cell manufacturing joint venture in the U.S. today. LGES and Hyundai Motor Group signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America. The signing ceremony took place in LGES’s headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon…

25 May 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of…

5 May 2023

Hyundai Motor Group today announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation, and Hyundai Mobis each approved the plan at their respective board meetings today. In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North…

25 April 2023

Hyundai Motor Group today announced its goal to become one of the world’s top 3 EV manufacturers by 2030 through the combined sales of Hyundai Motor, Kia and Genesis electric models, at the groundbreaking ceremony of Kia’s dedicated plant for purpose-built vehicle (PBV) production in Korea. The Group also highlighted its plans to invest KRW 24 trillion in the domestic EV industry through Hyundai Motor, Kia and…

11 April 2023