Hyundai Sets Up American Battery Supply Deal With Korea's SK On | Carscoops carscoops
Hyundai Motor Group announced today that it has signed a memorandum of understanding with Korean battery manufacturer SK On to supply its electric vehicles with batteries in North America.EV leadership
in the U.S. market,” said Heung-soo Kim, the head of Hyundai’s EV division. “We expect the stable supply of EV batteries from SK On will also enable us to contribute to emissions reduction and meet climate goals in the U.S. market.”says that specific details for this plan will be released at a later date. It did, however, state that SK On’s batteries will be sent to Hyundai’s plants in the U.S. starting in 2025.
The preliminary agreement comes just weeks after Hyundai broke ground on a new $5.5 billion plant in Georgia that will start producing EVs in 2025. Once fully operational, it is expected to churn out 300,000 vehicles per year. The new plant will build EVs for the entire Hyundai Motor Group, meaning that, in addition to making Hyundai-branded vehicles, it will also produce electric vehicles for Kia
. That mission will be assisted by AI and data-driven optimization across all parts of production, from logistics to procurement, and beyond.
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