February 9, 2023

Buno Filter

Drive your way

Hyundai to invest $100 million in battery startup SolidEnergy, report says

SES shareholders involve Basic Motors, SK Inc., Tianqi Lithium Corp. amid other folks, according to the firm’s website.

In April, Hyundai claimed for the duration of its earnings phone that the business had been acquiring strong-point out batteries and planned to mass make EVs using strong-point out batteries in 2030.

Hyundai at present resources its batteries for its EVs from SK Innovation Co. and LG Chem Ltd.’s wholly-owned LG Strength Alternative.

In March, Basic Motors declared a partnership with SES to strengthen its battery progress, permitting for increased EV driving selection in a scaled-down deal.

Hyundai did not straight away respond to a Reuters request for remark.