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S Korea s LG Chem, LGES pledge $13 bln in battery investment by 2030
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By Reuters Staff
2 Min Read
FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event of Hyundai Motor Co s new Accent in Mexico City, Mexico August 2, 2017. REUTERS/Henry Romero
SEOUL (Reuters) - South Korea’s Hyundai Motor Co has invested about $100 million to buy a stake in a lithium metal battery startup, Yonhap news agency reported on Sunday, citing industry sources.
“As we have been investing in various companies related to electrification, our investment in SolidEnergy is part of that,” an official at Hyundai Motor told Yonhap.
Founded in 2012, SolidEnergy Systems (SES), which was spun off from the Massachusetts Institute of Technology, develops anode-free lithium metal batteries.
Hyundai Motor to invest US$100 million in battery startup SolidEnergy Systems - Yonhap Toggle share menu
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Hyundai Motor to invest US$100 million in battery startup SolidEnergy Systems - Yonhap South Korea s Hyundai Motor Co has invested about US$100 million to buy a stake in a lithium metal battery startup, Yonhap news agency reported on Sunday, citing industry sources.
FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event of Hyundai Motor Co s new Accent in Mexico City, Mexico August 2, 2017. REUTERS/Henry Romero
05 Jul 2021 02:10PM Share this content
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SEOUL: South Korea s Hyundai Motor Co has invested about US$100 million to buy a stake in a lithium metal battery startup, Yonhap news agency reported on Sunday, citing industry sources.