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Pub Time : 2024-11-26 16:45:43 >> News list Contact DetailsA Leading Battery Charger Supplier From China
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Hyundai Motor Company has ordered battery cells for electric cars from Samsung SDI for the first time, expanding its supplier base that previously consisted of LG Energy Solution and SK On. This involves e-cars from European production.
The battery maker signed a deal to supply prismatic batteries over seven years between 2026 and 3032, for vehicles produced in Europe.
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Hyundai last year said it planned to produce EVs for Europe at its 350,000 units a year plant in Nosovice, Czech Republic.
It also has a factory in Turkey.
The deal, involving Samsung SDI''s forthcoming P6 sixth generation prismatic batteries, was seen as a major breakthrough as it offers the battery maker a significant opportunity to grow its global operations and compete more effectively with rivals LG Energy Solution and SK On which are Hyundai''s current domestic battery suppliers.
The company already has long term supply contracts with BMW and Volkswagen Group in Europe and with General Motors and Stellantis in North America.
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Earlier this year, Hyundai Motor said it was targeting boosting its global EV sales to 2m units annually by 2030 which, along with Kia''s 1.6m/year target, would make the group one of the world''s leading EV manufacturers.
The deal, which comes after extensive collaboration between the two companies on next generation battery platforms would allow Hyundai to diversify its battery supply chain and offer prismatic batteries in its vehicles for the first time.
The P6 has a 91% nickel-high NCA cathode and Samsung SDI''s proprietary silicon based anode which, it claims, "maximises energy density to the highest level". The cells will be supplied from the Samsung SDI plant in Hungary.
Samsung SDI CEO Yoon-ho Choi said in a statement: "We have taken the very first step forward with Hyundai which is leading the global automobile industry.
The supplier would expanding its long term collaboration with the automaker “by providing…. unrivalled technologies and supreme quality".
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SEOUL, Korea – October 23, 2023 – Samsung SDI today announced the company has clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time.
Samsung SDI said the company will supply prismatic batteries for Hyundai Motor''s electric vehicles targeting the European market for seven years from 2026 through 2032.
The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries.
By clinching the deal, Samsung SDI has secured Hyundai Motor as a new customer, while gaining additional growth momentum in line with expansion of the partnership.
It is expected that the partnership would enable Hyundai Motor to diversify battery form factors through the supply of prismatic batteries. For the automaker, the deal would provide a crucial chance for increasing adoption of prismatic batteries.
The two companies plan to continue their partnership for leading research on next-generation battery platforms.
The batteries to be supplied for Hyundai Motor will be the sixth edition of Samsung SDI''s prismatic battery, named as "P6."
P6 features 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 production facility in Europe.
"We have taken the very first step forward with Hyundai Motor Company that is leading the global automobile industry," said Yoon-ho Choi, president and CEO of Samsung SDI. "The company will make best efforts to help Hyundai Motor reinforce its global market leadership by expanding long-term partnership with the automaker by providing the customer with unrivalled technologies and supreme quality."
Samsung SDI, headquartered in the Republic of Korea, is a world-leading battery and electronicmaterial manufacturer redefining the worlds of electric vehicles, energy storage systems and ITdevices. The company drives transformation and innovation to emerge as a ''Creative Energy andMaterials Solution Leader'' across the fields of e-mobility, energy solutions, as well as semiconductorsand displays. The company commits to sourcing 100% renewable electricity across its entire globaloperations by 2050. For the latest news, please visit the Samsung SDI News athttps://
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