To solidify its position in the electric vehicle (EV) sector, Hyundai Motor Group has unveiled its Joint Battery Research Center in partnership with Seoul National University (SNU).
The initiative represents Hyundai's commitment to advancing battery technology and cementing its global dominance in the sector.
Why it matters: The initiative represents Hyundai's commitment to advancing battery technology and cementing its global dominance.
As the electric vehicle (EV) sector grows, breakthroughs in battery technology could be game-changing, and Hyundai aims to be at the forefront of this innovation.
The Key Points
- The Joint Battery Research Center is housed in SNU's expanded Institute of Chemical Processes, which spans multiple floors and includes seven specialized laboratories dedicated solely to battery innovation.
- Of the 22 proposed research projects, 14 will address advances in lithium-metal and solid-state battery technologies.
- As a testament to its commitment, Hyundai has earmarked more than KRW 30 billion investment for the center through 2030. This is in addition to the company's ambitious goal of producing 3.64 million EVs by the same year.
- Beyond the center, Hyundai is casting a wider net. Collaborations with prominent battery companies such as SK On, LG Energy Solution, Solid Power, and Solid Energy System (SES) have been initiated, underscoring Hyundai's comprehensive approach to advancing battery technology.
The Big Picture: As EV adoption accelerates globally, Hyundai's alliance with SNU represents a more significant industry trend of companies and academia synergizing to drive technology development.
Hyundai's integrated research, investment, and partnerships strategy demonstrates a comprehensive approach to shaping the future of electric mobility.