Hyundai Signs MoU to Secure EV Battery Supply for North America

Hyundai Motor Group has signed a memorandum of understanding (MOU) with SK On Co., Ltd., a leading electric vehicle (EV) battery manufacturer, to secure a supply of EV batteries in North America.

2023 Hyundai Ioniq 6

The signing of the MOU took place at SK Group Headquarters in Korea, participated by Heung-soo Kim, Executive Vice President and Head of Corporate Future Growth Planning Division & EV Division of Hyundai Motor Group and Young-chan Choi, Chief Administrative Officer of SK On.

Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the U.S. after 2025 for the EV production. Further details on the cooperation will be revealed at a later stage.

Hyundai Motor Group is accelerating electrification efforts with the global target to sell 3.23 million full electric vehicles annually by 2030. To realize this goal, the Group plans to establish a global EV production network that will ensure a stable supply of EVs around the globe.



from Indian Autos Blog https://ift.tt/ak9SP3l
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Hyundai Ioniq 6 Electric Sedan Unveiled With Porsche Like Design

Image
GaadiWaadi - Hyundai Ioniq 6 is essentially a toned-down take on the Prophecy concept with unique styling elements; has a modern interior packed with new tech Following a set of teasers, Hyundai has unveiled the Ioniq 6 sedan for the global markets. The first sedan from the Ioniq electric vehicle range is also the first sedan to sit on the dedicated E-GMP electric skateboard architecture and it has several commonalities with the Prophecy concept showcased early last year. The Hyundai Ioniq 6 is essentially a toned-down take on the Prophecy concept with a unique styling but retains most of the clever design ethos. The zero-emission sedan evokes a retro design language while blending with modern elements like the Parametric Pixel lights. A portion of the front as well as the rear whale tail spoiler reminds us of the vintage Porsches. The swooping low-tailed design gives us Porsche vibes again while the front and rear bumpers are rather busy. The Hyundai logo is grafted just below th
Read more

Yamaha Aerox S Priced at Rs 1.50 Lakh; Gets Smart Key

Image
Yamaha Motor India has introduced the new Aerox S variant with keyless ignition and a few more features. This new variant has been priced at Rs 1,50,000, thus making it Rs 3300 more expensive from the standard variant. It can be had in two colour schemes – Silver and Racing Blue. By simply pressing a button on the smart key, you can easily locate the scooter as it triggers flashing indicators and emits a distinctive sound. Instead of the conventional slot, the key knob conveniently adjusts to various positions, whether it’s powering on/off the scooter or opening the fuel cap. The new Yamaha Aerox S variant is equipped with an immobilizer feature, ensuring the vehicle automatically locks when the smart key is beyond its range. No other changes have been made to it. The scooter continues to come with the LED lighting, a charging socket, start-stop tech, Bluetooth connectivity and a digital instrument. It comes with the 14-inch front and rear wheels with a wide 140-section rear tyre. T
Read more

Maruti Fronx SUV Unveiled – Features, Specs, Key Details

Image
Auto Expo 2023 has got off to a flying start with the unveiling of the much-awaited Maruti Suzuki Fronx Coupe SUV. It will be the first coupe-style cross-hatch from the Indo-Japanese automaker in the country. While its official launch date is yet to be announced, the model is likely to go on sale by April 2023. Based on Suzuki’s Heartect platform, the Coupe SUV will be sold via premium Nexa dealerships. Here, the Maruti Fronx will be positioned against the Nissan Magnite and Renault Kiger. Design Details Design and styling of the new Maruti Fronx SUV is inspired by the new Grand Vitara and Baleno hatchback. In fact, some of its design elements look similar to the Maruti Futuro-e concept that was first showcased at the 2020 Auto Expo. Read – Maruti Jimny Bookings Open; Launch Details The front fascia has been adorned by the brand’s new signature grille and the split headlamp setup with slim LED DRLs as we have seen in the Grand Vitara. The new Maruti SUV also features flared wheel
Read more