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24 Feb
16:00

CATL, SK Innovation bag new Hyundai battery contract

Chinese battery manufacturer CATL and its South Korean peer SK Innovation have bagged an estimated 9 trillion won ($8.09 billion) contract with carmaker Hyundai Motor. The companies will supply Hyundai’s third batch of batteries used in the recently inaugurated E-GMP platform on vehicles produced after 2023. Other potential suppliers bidding for the contract were South Korean companies Samsung DSI and LG Energy Solution. The latter, however, seems to have b…
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