2023-10-23 09:01:29
First case between both companies, to be conducted from 2026
Samsung SDI battery image. (Photo Samsung SDI)
Samsung SDI supplies electric vehicle batteries to Hyundai Motor Company. So far, Hyundai Motor Company has been using batteries from LG Energy Solution and SK On. We have entered into business with all three domestic battery companies.
On the 23rd, Samsung SDI announced through an electronic disclosure that it will supply batteries for Hyundai Motor Company’s next-generation European electric vehicles for seven years starting from 2026. This is the first time that Samsung SDI has signed a supply contract with Hyundai Motor Company.
Samsung SDI plans to supply next-generation P6 prismatic batteries to be mass-produced at its Hungarian plant to Hyundai Motor Company’s European plant. Hyundai Motor Company, which has mainly used pouch-type batteries in its electric vehicles, has diversified its form factor with prismatic batteries.
P6 is a product that maximizes energy density by increasing the proportion of nickel in the nickel, cobalt, aluminum (NCA) anode material to 91% and applying silicon material to the cathode material. The focus was on extending mileage and improving stability.
Samsung SDI said, “We plan to continue our cooperative relationship, including the advanced development of next-generation battery platforms,” and added, “We have secured additional growth engines.”
Samsung SDI CEO Choi Yoon-ho said, “We have taken the first step in strategic cooperation with Hyundai Motor Company, a leader in the global automobile industry,” and added, “We will do our best to help Hyundai Motor Company strengthen its leadership in the global electric vehicle market with Samsung SDI’s unique technological competitiveness and best quality.” “I will do my best,” he said.
THE ELEC = Reporter Lee Soo-hwan shulee@thelec.kr
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