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CATL and Beijing Hyundai Sign Agreement on EV Batteries

BEIJING: CATL and Beijing Hyundai signed a strategic partnership agreement at the Auto China 2024 to cooperate on Beijing Hyundai’s EV projects, which will power future Beijing Hyundai electric models with CATL batteries.

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, Beijing Hyundai has launched a series of popular models with cumulative sales exceeding 200,000 units.

With the new agreement in place, Beijing Hyundai is expected to unleash a wave of over 10 leading global models equipped with CATL’s latest battery technology including CTP and NP.

Meanwhile, CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai’s business growth in China.

The agreement marks a shared focus on product development and ensures a win-win situation for both companies.

CATL has established and strengthened its partnership with Hyundai over the past years. In October 2021, CATL and Hyundai Mobis Co., Ltd. (MOBIS) signed a technology licensing and partnership agreement.

From that, CATL will introduce and disclose its cell to pack (CTP) technology to MOBIS as well as support MOBIS in the supply of related CTP products not only in South Korea, but also worldwide.

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