Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Xiao Zhan cut, Mr. Aviation's clue delivery! On April 25, according to foreign media reports, with the increase in demand for electric vehicles, the demand for batteries, a key component, has also greatly increased. Major manufacturers committed to the development of electric vehicles are also taking a variety of measures to ensure a stable battery supply. Some manufacturers are developing and producing their own batteries, some manufacturers have signed long-term supply contracts with battery manufacturers, and some manufacturers have chosen to build joint venture factories with battery manufacturers.

According to the latest news, Hyundai Motor Group, which is vigorously developing electric vehicles, will build a joint venture battery factory in the United States with SK On, a battery manufacturer owned by the SK Group.

Hyundai Motor and Kia, which are owned by Hyundai Motor Group, have announced on their website that they will build a joint venture battery plant with SK On in the United States.

Hyundai Motor and Kia have announced that they and the board of directors of Hyundai Mobis, the auto parts maker of Hyundai Motor Group, have approved plans to build a joint venture plant with SK On in the United States.

Hyundai also disclosed that its battery plant, a joint venture with SK On, is planned to be built in Barto County, Georgia, with an investment of $5 billion (CTOnews.com Note: about 34.5 billion yuan currently). Hyundai Motor Group and SK On each have a 50% stake and plan to produce 35GWh annually to meet the demand for 300000 electric vehicles.

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