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10 Apr
13:28

Hyundai to purchase $1 billion in batteries from CATL

South Korean automaker Hyundai plans to purchase batteries worth $1 billion from Chinese battery firm CATL this year, according to various South Korean media including The Elec. They said in reports that CATL's chairman Zeng Yuqun held a meeting with Hyundai Motor Group's chairman Chung Eui-sun. Hyundai is considering using CATL's batteries on all its models.  With the cooperation with Hyundai Motor, CATL is expected to have closer bonds with the…
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