ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Samsung SDI and Hyundai Motor ink historic EV battery deal

  • Post your comment
  • Comments (1)

Max McDee, 23 October 2023

Hyundai Samsung

Korean tech giant Samsung SDI announced a seven-year contract to deliver electric vehicle batteries to Hyundai Motor, starting in 2026. Not only does this spell a significant stride for both companies, but it also serves as their first-ever collaboration in the realm of EV batteries.

Samsung SDI has a notable list of clients, including General Motors, Stellantis, and BMW. Hyundai will get prismatic batteries, fabricated at Samsung's facility in Hungary for its EVs destined for European customers from 2026 to 2032.

Samsung SDI and Hyundai Motor ink historic EV battery deal

The exact financial contours of the agreement remain under wraps. However, whispers in industry corridors suggest Samsung SDI might be supplying enough batteries for up to about half a million EVs over the proposed seven-year span.

Earlier in the month, Samsung SDI announced it's looking to plow a cool 2.7 trillion won (approximately $2 billion) into the construction of a second EV battery facility in Indiana, in collaboration with Stellantis. If all goes according to plan, this facility will start churning out batteries by 2027.

The batteries slated for Hyundai will be the elite P6 variants of Samsung SDI’s prismatic lineup. Its specs reveal a 91% nickel-high NCA cathode and a unique silicon-based anode - promising some of the highest energy density around.

Samsung SDI and Hyundai Motor ink historic EV battery deal

Samsung SDI and Hyundai are also keen on expanding their joint research endeavors, focusing on next-gen battery platforms. Hopefully that leads to more efficient, longer-lasting, and maybe even more affordable EVs in the coming years.

Samsung SDI, beyond its vast portfolio, holds a crucial position as one of the world's top battery makers, proving its mettle with innovations and collaborations across the industry. Hyundai Motor, as of 2023, stands as the third-largest vehicle manufacturer globally, showing its muscle both in conventional and electric vehicles.

Via

This article contains localized units and prices. Change settings.
Your choice
Related articles
  • New Hyundai Ioniq 6 gets 353 miles certified range New Hyundai Ioniq 6 gets 353 miles certified range
  • Hyundai releases new Ioniq 6 N teaser Hyundai releases new Ioniq 6 N teaser
  • Hyundai reveals Elexio electric SUV, but you won't be able to get one Hyundai reveals Elexio electric SUV, but you won't be able to get one
  • Hyundai Ioniq 9 comes to the US,  starting at $60,555 Hyundai Ioniq 9 comes to the US, starting at $60,555

Reader comments

D
  • Daryl3
  • R0e
  • 24 Oct 2023

Samsung has an impressive client list, including GM and BMW. Their batteries must be top-notch, but why all the secrecy about the financial details?

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 1

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • Tesla Model S beats 28 cars for winter range test crown Tesla Model S beats 28 cars for winter range test crown
  • 57 electric cars range tested at highway speeds - who wins? PART 2 57 electric cars range tested at highway speeds - who wins? PART 2
  • Have electric cars gone power crazy? Have electric cars gone power crazy?
  • Why electric cars don't have conventional gearboxes Why electric cars don't have conventional gearboxes
  • Huge real life test shows EV range loss at -15°C Huge real life test shows EV range loss at -15°C
ADVERTISEMENTS

Reviews

  • Tesla Model Y Long Range 2023 review Tesla Model Y Long Range 2023 review
  • BMW i5 M60 review BMW i5 M60 review
  • Hyundai Ioniq 5 77.4 kWh AWD review Hyundai Ioniq 5 77.4 kWh AWD review
  • Nissan Ariya review Nissan Ariya review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com