Hyundai and SK Innovation agree to cooperate in the field of EV batteries including leasing

11 September 2020, 04:02:53

Hyundai and SK Innovation agree to cooperate in the field of EV batteries including leasingTwo months ago, the chiefs of Hyundai and SK Innovation met to discuss possible cooperation in the EV market. Obviously, the two companies have reached a level of agreement. More specifically, they have agreed to cooperate in the development of a sustainable ecosystem for EV batteries, which includes battery sales solutions, battery management service and battery reuse, and recycling. To enable cooperation, both sides are focusing on the initial process of collecting and verifying the battery pack of Kia Motors' e-Niro model. The Hyundai-SK cooperation aims for a virtuous cycle of battery usage known as the Battery as a Service (BaaS), which includes lease or rental service. As a result, the cooperation is expected to catalyse the spread of diverse cooperation systems between mobility and battery companies. In particular, the two companies will seek solutions that can maximise value and eco-friendliness of EV batteries, including reuse of batteries that are no longer useable in vehicles in diverse applications such as the Energy Storage Systems (ESS); and battery recycling that extracts economically valuable metals such as lithium, nickel and cobalt.

Related news

News related to Hyundai or SK Innovation

LG and Hyundai presented the IONIQ Concept Cabin

Today, LG and Hyundai presented the IONIQ Concept Cabin - a project that combines the companies' strengths and experience in consumer lifestyle convenience and EVs. The most eye-catching feature of the IONIQ Concept Cabin is the flexible OLED display that covers much of the ceiling of the vehicle's interior. Rear passengers can adjust the degree of curvature of the display with intuitive hand gestures for the...

24 September 2020

Kia teases several of its future BEVs as part of its future EV strategy "Plan S"

As part of Kia's future EV product strategy event earlier today, Kia's President and CEO Ho Sung Song showed off a sketch of several of the brand's future battery-electric vehicles. It plans on launching a diverse range of dedicated BEVs and partner with EV charging companies worldwide to become one of the market leaders. Kia's "Plan S" strategy includes BEV portfolio expansion to 11 models by 2025. During the same...

16 September 2020

Hyundai makes the IONIQ a separate brand for EVs on the E-GMP platform, will launch 3 models

Hyundai announced that the IONIQ is now a separate brand dedicated to battery electric vehicles. "The IONIQ brand will change the paradigm of EV customer experience," said Wonhong Cho, Executive Vice President and Global Chief Marketing Officer at Hyundai Motor Company. "With a new emphasis on connected living, we will offer electrified experiences integral to an eco-friendly lifestyle." In early 2021, Hyundai will...

10 August 2020

SK Innovation will work with Nobel laureate Prof. John B Goodenough on solid-state batteries

SK Innovation announced that it will work together with the Nobel laureate Prof. John B Goodenough from the University of Texas in Austin on researching solid-state electrolytes for lithium-metal batteries. The goal is to achieve a product with increased energy density for longer range, more compact battery size, and improved battery safety. The company is convinced that this collaboration will contribute greatly to...

2 August 2020

BMW will receive EV batteries from EVE Energy

EVE Energy is a joint venture partner of SK Innovation in China. Under the joint venture, the two companies are building the Blue Sky United Energy plant for EV batteries in Yancheng. It is projected to have an annual production rate of 20-25GWh. Recently, EVE Energy company has announced that it will supply EV batteries to BMW. For BMW Brilliance - the automakers' joint venture in China, batteries will come from...

27 July 2020

Hyundai aims at a 10% market share from the global EV market by 2025

South Korean news agency Yonhap reports that during a televised briefing, Hyundai's Executive Vice Chairman Chung Euisun said that the company's goal is to achieve more than 10% market share in the global EV market by 2025 by selling around 1 million EV units. This will be achieved by increasing investment and launching more electric vehicles. For starters, next year Hyundai will start producing an EV model based on...

17 July 2020

SK Innovation started the construction of its second EV battery plant in the USA

Various Korean media report that the SK Innovation has started the construction of its second EV battery plant in the USA. The site is located in Jackson County, Georgia. The initially planned inauguration event was canceled due to the state of an emergency caused by the Covid-19 spreading. The annual production capacity of the second factory will be around 11.7GWh. Combined with the capacity of the first factory...

9 July 2020

Hyundai Motor and SK Innovation chiefs meet to discuss cooperation in the EV market

Yonhap and other South Korean news outlets report that the chiefs of Hyundai and SK Innovation have met to discuss future cooperation in the EV market. The Executive Vice Chairman of Hyundai Motor Group - Chung Euisun, and the Chairman of SK Group - Chey Tae-won have met to discuss cooperation on next-generation EV battery technologies, power management chips, and the battery-as-a-service (Baas) platform. The...

8 July 2020

Hyundai reduces wait time for its EVs in the UK

Hyundai Motor UK confirmed the supply of thousands of electric vehicles in 2020, in its aim to become one of the nation's largest provider of electric cars. Customers looking for an all-electric Hyundai can order their car now with delivery in as little as a few days. Hyundai currently offers the Kona Hybrid and Kona Electric, IONIQ Hybrid, Plug-In Hybrid and Electric. Through the introduction of manufacture at its...

24 June 2020

Hyundai Motor and LG Chem chiefs meet to discuss EV batteries

Various South Korean news outlets announced today that the Executive Vice Chairman of Hyundai Motor Group, Chung Euisun, and the LG Group Chairman, Koo Kwang-mo, will meet next week to discuss electric vehicle battery business. According to industry sources, Chung will visit LG Chem's EV battery production site located in Cheongju, North Chungcheong Province, on Monday. LG Chem is already chosen to supply batteries...

19 June 2020

SK Innovation became the fifth largest EV battery supplier in April

In April 2020, SK Innovation entered the global Top 5 in the EV battery market for the first time. SK Innovation said that according to SNE Research, the company had a 3.5% market share by supplying 189.1 MWh of batteries. Samsung SDI was sixth with 3.4% market share by deploying 187.2 MWh in April. LG Chem was second with 18.2% market share and 988.1 MWh deployed. In the January-April period, LG Chem, Samsung SDI...

18 June 2020

Hyundai and Kia improve the thermal management of the EV batteries they use

Hyundai and Kia have announced that their heat pump technology for EV batteries has been improved. This technology was introduced in 2014 for the Kia Soul EV and this its first major improvement. The main change is that the system now gathers excess heat not only from power electrics (PE) modules (such as drive motors, on-board chargers, and inverters), but also from the battery pack and slow charger. The system...

9 June 2020

2020 Hyundai Kona Electric goes on sale in France this month

As of this month, Hyundai launches the 2020 Hyundai Kona Electric in France. The vehicle offers 449 km of range (WLTP) from € 24,300 and, according to Hyundai France, this is one of the best range prices for people who can accumulate an ecological bonus of €7,000 and conversion bonus of €5,000. Regularly cited in the press for its driving pleasure and efficiency, KONA electric was the first vehicle from a generalist...

9 June 2020

SK Innovation establishes a global EV batteries production base

SK Innovation is accelerating the expansion of electric vehicle battery production capacity in order to establish a stable supply base in line with the explosive growth of electric vehicles expected in the post-Corona 19 era. The company's strategy includes expanding its production plants over the globe and promoting the establishment of joint ventures with local automakers. According to recent industry and market...

8 June 2020

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonChevrolete.GOFIATFordHondaHyundaiJaguarKIAMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartTeslaVolkswagenVolvo

Featured

Specifications of some of the most interesting and anticipated EVs.

2020 KIA e-Niro

2020 KIA e-Niro 4

Doors: 5, Seats: 5
Length: 172.2 in / 4375 mm
Width: 71.1 in / 1805 mm
Height: 61.4 in / 1560 mm
Curb weight: 3994.78 lb / 1812 kg
Electric motor: 150 kW @ 3800 - 8000 rpm, 395 Nm, Location: Front
Battery: 64 kWh, Voltage: 356 V

2022 Tesla Cybertruck

2022 Tesla Cybertruck Tri Motor AWD

Doors: 4, Seats: 6
Length: 231.7 in / 5885 mm
Width: 79.8 in / 2027 mm
Height: 75.0 in / 1905 mm
Location: Rear
Location: Front

2021 Ford Mustang Mach-E

2021 Ford Mustang Mach-E GT Performance Edition

Doors: 4, Seats: 5
Length: 186.0 in / 4724 mm
Width: 74.0 in / 1880 mm
Height: 63.0 in / 1600 mm
Location: Rear
Location: Front
Battery: 98.8 kWh

2021 Ford Mustang Mach-E

2021 Ford Mustang Mach-E First Edition

Doors: 4, Seats: 5
Length: 186.0 in / 4724 mm
Width: 74.0 in / 1880 mm
Height: 63.0 in / 1600 mm
Battery: 98.8 kWh

2020 Tesla Model X

2020 Tesla Model X Performance (SR)

Doors: 4, Seats: 5 / 6 / 7
Length: 198.3 in / 5037 mm
Width: 78.7 in / 1999 mm
Height: 66.0 in / 1676 mm
Curb weight: 5740.84 lb / 2604 kg
Electric motor #1: 375 kW @ 6150 rpm, 660 Nm, Location: Rear
Electric motor #2: 193 kW @ 6100 - 6800 rpm, 330 Nm, Location: Front
Battery: 100 kWh, Voltage: 350 V

2020 Tesla Model S

2020 Tesla Model S Performance (SR)

Doors: 4, Seats: 5
Length: 196.0 in / 4978 mm
Width: 77.3 in / 1963 mm
Height: 56.5 in / 1435 mm
Curb weight: 4940.56 lb / 2241 kg
Electric motor #1: 375 kW @ 5900 rpm, 650 Nm, Location: Rear
Electric motor #2: 193 kW @ 6100 rpm, 330 Nm, Location: Front
Battery: 100 kWh, Voltage: 400 V

2020 Tesla Model 3

2020 Tesla Model 3 Performance AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4100.6 lb / 1860 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2020 MINI Cooper SE

2020 MINI Cooper SE Level III

Doors: 3, Seats: 4
Length: 151.4 in / 3845 mm
Width: 68.0 in / 1727 mm
Height: 56.4 in / 1432 mm
Curb weight: 3009.31 lb / 1365 kg
Electric motor: 135 kW, 270 Nm @ 100 - 1000 rpm, Location: Front
Battery: 32.6 kWh, Voltage: 350.4 V

2020 Polestar 2

2020 Polestar 2 Performance Package

Doors: 5, Seats: 5
Length: 181.4 in / 4607 mm
Height: 58.2 in / 1478 mm
Location: Rear
Location: Front
Battery: 78 kWh

2019 NIO ES6

2019 NIO ES6 Performance 84 kWh

Doors: 5, Seats: 5
Length: 190.9 in / 4850 mm
Width: 77.4 in / 1965 mm
Height: 68.1 in / 1731 mm
Electric motor #1: 240 kW, 420 Nm, Location: Rear
Electric motor #2: 160 kW, 305 Nm, Location: Front
Battery: 84 kWh

2020 Tesla Model Y

2020 Tesla Model Y Performance AWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Curb weight: 4415.86 lb / 2003 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 74 kWh

2020 Tesla Model Y

2020 Tesla Model Y Long Range AWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Curb weight: 4415.86 lb / 2003 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 74 kWh

2020 Tesla Model Y

2020 Tesla Model Y Long Range RWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Location: Rear

2020 Opel Corsa-e

2020 Opel Corsa-e First Edition

Doors: 5, Seats: 5
Length: 159.8 in / 4060 mm
Height: 56.5 in / 1435 mm
Curb weight: 3373.07 lb / 1530 kg
Electric motor: 100 kW, 260 Nm, Location: Front
Battery: 50 kWh

2020 Volkswagen ID.3

2020 Volkswagen ID.3 Pro S

Doors: 5, Seats: 4
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.1 in / 1552 mm
Electric motor: 150 kW, 310 Nm, Location: Rear
Battery: 77 kWh, Voltage: 408 V

2020 Volkswagen ID.3 1st

2020 Volkswagen ID.3 1st Max

Doors: 5, Seats: 5
Length: 167.8 in / 4261 mm
Width: 71.2 in / 1809 mm
Height: 61.1 in / 1552 mm
Curb weight: 3637.63 lb / 1650 kg
Electric motor: 150 kW, 310 Nm, Location: Rear
Battery: 58 kWh

2020 Porsche Taycan

2020 Porsche Taycan Turbo S

Doors: 4, Seats: 4
Length: 195.4 in / 4963 mm
Height: 54.3 in / 1378 mm
Curb weight: 5059.61 lb / 2295 kg
Electric motor #1: 160 kW, 300 Nm, Location: Front
Electric motor #2: 300 kW, Location: Rear
Battery: 93.4 kWh, Voltage: 800 V

2020 Porsche Taycan

2020 Porsche Taycan Turbo

Doors: 4, Seats: 4
Length: 195.4 in / 4963 mm
Height: 54.4 in / 1381 mm
Curb weight: 5081.66 lb / 2305 kg
Electric motor #1: 160 kW, 300 Nm, Location: Front
Electric motor #2: 300 kW, Location: Rear
Battery: 93.4 kWh, Voltage: 800 V