In a significant move that cements its position as a leading player in the global electric vehicle (EV) battery market, Chinese battery giant CATL has announced a major partnership with South Korean automaker Hyundai. Under the terms of the agreement, CATL will supply batteries for all Hyundai EVs sold in China, marking a major expansion of the company's presence in the world's largest EV market. The partnership is expected to boost Hyundai's sales in China, where the company has struggled to gain traction in recent years, and further solidify CATL's position as a dominant force in the EV battery supply chain. With the Chinese market accounting for a significant portion of the world's EV sales, this deal is likely to have far-reaching implications for the global automotive industry.
CATL to Supply Batteries for All Hyundai EVs in China 조선일보
