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Hyundai Motor, Samsung SDI may team up for EV batteries
Photo by: Chu/Wikimedia Commons (CC BY-SA 2.0) Wednesday, April 14, 2021 7:18 AM UTC
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Hyundai Motor is taking steps to realize its plans for a shift to totally eco-friendly vehicles and for this, it wants to collaborate with Samsung SDI. Thus, the companies are reportedly looking forward to signing a partnership deal.
As per The Korea Times, with the team up, Hyundai and Samsung SDI will focus on providing what each company wants and needs. This means that since Hyundai Motor requires batteries and auto parts for its electric vehicles, Samsung will be supplying them. The latter may not need any products from the carmaker but the orders will boost the company’s sales.
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