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

CTOnews.com, Oct. 23 (Xinhua) South Korean Samsung SDI said on Monday that it will supply electric vehicle (EV) batteries to Hyundai cars from 2026 for seven years, the first battery supply agreement between the two companies.

"the latest supply agreement marks the first cooperation between Samsung and Hyundai Motor Group in the field of electric vehicle batteries," Samsung SDI said in a statement.

The battery maker, which supplies General Motors, Stellantis, BMW and others, added that it would supply prism batteries produced at Hyundai's European-oriented electric vehicles at its Hungarian plant between 2026 and 2032.

CTOnews.com noted that Samsung SDI did not disclose the size of the deal.

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