Hyundai Motors has leapt to 4th place in global electric vehicle (EV) sales, surpassing Chinese rival BYD. Hyundai have claimed an 8% market share through the sale of 24,000 units this year. The company plans to expand their line-up of fully EVs from 9 to 44 models, as well as increase output 10 times to 1 million units by 2025.
Battery supply has been an issue for the industry. CEO of Hyundai Motors Chung Eui-sun has reached out to South Korea’s largest EV battery manufacturers LG Chem, Samsung SDI, and SK innovation to consolidate supply in line with their long-term EV goals. All three battery manufacturers have been seeking joint partnerships with Australian mineral companies in recent years.Click here to read more.
Battery supply has been an issue for the industry. CEO of Hyundai Motors Chung Eui-sun has reached out to South Korea’s largest EV battery manufacturers LG Chem, Samsung SDI, and SK innovation to consolidate supply in line with their long-term EV goals. All three battery manufacturers have been seeking joint partnerships with Australian mineral companies in recent years.Click here to read more.