Hyundai Motor signs MoU with SK On to secure supply of EV batteries in North America

Corporate developments

Under the MoU, SK On will provide EV batteries to Hyundai Group’s vehicle manufacturing plants in the US after 2025 for the EV production

South Korean carmaker Hyundai Motor Group has signed a memorandum of understanding (MoU) with battery maker SK On Company Ltd. in order to secure supply of EV batteries in North America, the carmaker announced on 29 November 2022.

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