Samsung SDI to supply EV batteries to Hyundai Motor starting 2026 By Reuters
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<span>© Reuters. FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus</span><br />
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<p>By Heekyong Yang and Soo-hyang Choi</p>
<p>SEOUL (Reuters) -South Korea’s Samsung (KS:) SDI said on Monday it will supply Hyundai Motor (OTC:) with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies. </p>
<p>“The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries,” Samsung SDI said in a statement. </p>
<p>The battery maker, which supplies to General Motors Co (NYSE:), Stellantis (NYSE:), BMW (ETR:) among others, added that it will supply prismatic batteries manufactured at its factory in Hungary for Hyundai Motor’s EVs targeting the European market from 2026 through 2032. </p>
<p>Samsung SDI did not disclose the size of the deal. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/samsung-sdi-says-to-supply-ev-batteries-to-hyundai-motor-starting-2026-3205047">Source link </a></p><p>The post <a href="https://forextraderhub.com/samsung-sdi-to-supply-ev-batteries-to-hyundai-motor-starting-2026-by-reuters.html">Samsung SDI to supply EV batteries to Hyundai Motor starting 2026 By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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