Hyundai and SK On sign a MOU for EV batteries supply in North America

29 November 2022, 02:59:23

Hyundai signed a memorandum of understanding with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the U.S. after 2025 for EV production. Further details on the cooperation will be revealed at a later stage. Hyundai Motor Group is accelerating electrification efforts with the global target to sell 3.23 million fully electric vehicles annually by 2030. To realize this goal, the Group plans to establish a global EV production network that will ensure a stable supply of EVs around the globe.

News related to Hyundai or SK On

SK On participated in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year. This year, SK On’s exhibition at InterBattery is under the main theme of "Move On,"...

20 March 2023

SK On revealed that it would display a mock-up of a prismatic battery at InterBattery 2023, the largest battery exhibition in Korea, to be held at COEX, Seoul from March 15 to 17. SK On has completed prototype development and plans to begin producing this type of cell within this year. The prismatic battery of SK On is characterized by its fast-charging speed. SK On’s Super Fast (SF) battery, which received the Best...

10 March 2023

Hyundai has unveiled the second generation of the Kona available in a multitude of powertrains. Of course, here we're interested in the all-new Kone Electric. The 2024 Kona Electric delivers a class-leading all-electric range in the B-SUV segment of WLTP-estimated 490 km. It also comes with EV-specific design elements, including frunk storage, active air flaps, interior and exterior Vehicle-to-Load (V2L) outlets...

8 March 2023

Hyundai Motor America today revealed pricing, packaging and a 53-kWh battery pack option for its highly anticipated IONIQ 6 electric vehicle. Customers can select from two battery pack options, either 53 kWh or 77.4 kWh, and two motor layouts, either a rear motor only or both front and rear motors for all-wheel drive. Delivery charges for the 2023 model year IONIQ 6 are $1,115. 2023 Hyundai IONIQ 6 prices Hyundai...

22 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

The new, all-electric 2023 Hyundai IONIQ 6 has completed final EPA testing with the IONIQ 6 SE Long Range RWD trim receiving an EPA-estimated range of 361 miles. The IONIQ 6 SE AWD achieved an EPA-estimated range of 316 miles. EPA testing also confirmed a 140 combined MPGe rating for the IONIQ 6 SE RWD Long Range. IONIQ 6’s ultra-low drag coefficient of 0.22 is assisted by a low nose, active air flaps, wheel gap...

31 January 2023

Hyundai today revealed details about its new generation KONA subcompact SUV for Korea, with information about the global model coming in March. The upscaled model is available in multiple powertrain variants, including all-electric (EV), hybrid electric (HEV), and internal combustion engine (ICE) with sporty N Line versions of each. The development of the upscaled, futuristic all-new KONA started with the EV model —...

18 January 2023

Unveiled at AutoMobility LA in November 2022, the Hyundai SEVEN Concept has won a 2022 GOOD DESIGN Award in the transportation category. Following the 45 concept in 2019 and the Prophecy concept in 2020, the SEVEN concept opened a new chapter for the IONIQ full-electric lineup brand when it was unveiled in 2021. It is also the perfect example of IONIQ as its space innovations and hygienic features transform the SUV...

12 January 2023

At CES 2023, SK On exhibits a SF (Super-Fast) battery with the fastest charging speed among commercially available batteries. Applying a special coating technology, it can be charged up to 80% in 18 minutes and can run more than 400 km on a single charge. In recognition of its performance, SF Battery won the CES 2023 Best Innovation Award in the category of Embedded Technologies for the first time in the battery...

5 January 2023

According to SK Innovation's announcement on the 21, SK On has successfully increased a total of KRW 2.8 trillion in paid-in capital. This is the sum of SK Innovation's investment, which is equal to KRW 2 trillion, and Korea Investment Private Equity’s investment of KRW 0.8 trillion. SK Innovation plans to invest KRW 1 trillion within this month and proceed with the remaining amount next year. This is SK...

22 December 2022

Hyundai Motor Company unveiled an EV-derived, futuristic design for its new generation KONA subcompact SUV. The upscaled model will be available in four variants, including all-electric, hybrid electric, ICE, and sporty N Line, with a universal architecture for all and unique styling for each. There are several styling variations between the powertrain variants. The all-new KONA has evolved into a larger yet still...

20 December 2022

Ford and SK On have broken ground at BlueOval SK Battery Park, where their joint venture – BlueOval SK – has invested $5.8 billion to produce advanced batteries for future Ford and Lincoln electric vehicles, slated to start production in 2025, creating 5,000 new jobs in Kentucky. Construction is on schedule at the two massive battery manufacturing facilities capable of collectively producing more than 80 gigawatt...

5 December 2022

The 2023 Hyundai IONIQ 6 made its North American debut at the 2022 LA Auto Show. Inspired by Hyundai's Prophecy EV concept, the four-door electrified streamliner with a targeted estimated driving range of 340 miles is equipped with relevant technology and best-in-class ultra-fast charging that can charge the battery from 10 to 80 percent in just 18 minutes. IONIQ 6 is the second Hyundai model to ride on Hyundai's...

18 November 2022

SK Innovation and its subsidiaries announced that 5 of the company's products have won 8 Innovation Award Honorees and two Best of Innovation at CES 2023 Innovation Awards. This is a remarkable achievement after four years since SK’s first CES participation in 2019. Among SK Innovation's products that won at CES 2023 Innovation Awards, SK On's SF battery (Super Fast Battery), officially named E556, was selected as...

17 November 2022