CATL, Beijing Hyundai sign agreement on EV batteries

CATL, Beijing Hyundai sign agreement on EV batteries

CATL, Beijing Hyundai sign agreement on EV batteries 1024 675 Batteries International

May 10, 2024: CATL and Beijing Hyundai have signed a strategic partnership agreement to cooperate on Beijing Hyundai’s EV projects and to power future Beijing Hyundai electric models with CATL batteries.

The agreement was signed on April 25 at Auto China 2024 and Beijing Hyundai is likely to unleash a wave of over 10 leading global models equipped with CATL’s latest battery technology including CTP (cell to pack) and NP.

As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold over 12 million vehicles in China, proving reliable vehicle manufacturing capabilities. Since its cooperation with CATL began in 2017, it has launched a series of popular models with cumulative sales exceeding 200,000 units.

CATL will work with Beijing Hyundai to create automotive products and support Beijing Hyundai’s business growth in China. A shared focus on product development ensures a win-win for both companies, a spokesperson said.

CATL has an established and strengthened partnership with Hyundai over the past years. In October 2021, CATL and Hyundai Mobis signed a technology licensing and partnership agreement, in which CATL introduces and discloses its CTP (cell to pack) technology to Mobis as well as supporting Mobis in the supply of related CTP products — not only in South Korea, but also worldwide.

In 2012 CATL that it aimed to make lithium batteries sustainable and last week its founder and CEO, Robin Zeng, said the company had achieved  recycling rates of 99.6% for nickel, cobalt, and manganese, and 91% for lithium —emphasizing that there is a minimal need for new metals.