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The two corporations will search options that may maximize worth and eco-friendliness of EV batteries, together with reuse of batteries which are now not useable in autos in various functions such because the Energy Storage Systems (ESS)
Hyundai Motor Group and SK Innovation Co. have agreed to cooperate within the growth of a sustainable ecosystem for electrical automobile batteries. The two corporations introduced their plan to cooperate in various enterprise areas associated to the EV battery trade, together with battery gross sales options, battery administration service and battery reuse and recycling.
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The collaboration stems from the businesses’ shared have to create a battery worth chain and strengthen eco-friendliness in enterprise operations overlaying the whole lifecycle of EV batteries. Unlike current cooperation schemes between mobility corporations and battery corporations that tended to heart on battery provide, the Hyundai-SK cooperation goals for a virtuous cycle of battery utilization generally known as the Battery as a Service (BaaS), which incorporates lease or rental service.
The collaboration stems from the businesses’ shared have to create a battery worth chain
Youngcho Chi, President and Chief Innovation Officer of Hyundai Motor Group mentioned, “Hyundai Motor Group’s cooperation with SK Innovation, a first-tier battery supplier for our Electric Global Modular Platform (E-GMP) that will be introduced in 2021, marks a critical first step in maximizing synergies between mobility and battery companies. We expect our cooperation to play an immensely positive role in strengthening Hyundai-Kia’s competitiveness in clean mobility as well as expanding the supply of eco-friendly EVs.”
Through this partnership, the 2 events intention to strengthen the steadiness of the battery provide chain and create a virtuous cycle of sources from recycling to manufacturing; scale back carbon emissions; encourage optimum design that connects EVs and battery reuse, and create synergies by maximizing added worth by means of the optimum design of batteries. To allow cooperation, each side are specializing in the preliminary strategy of accumulating and verifying the battery pack of Kia Motors’ Niro EV mannequin.
Hyundai and SK Innovation are specializing in the preliminary strategy of accumulating and verifying the battery pack of Kia Motors’ Niro EV mannequin.
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The two corporations will search options that may maximize worth and eco-friendliness of EV batteries, together with reuse of batteries which are now not useable in autos in various functions such because the Energy Storage Systems (ESS); and battery recycling that extracts economically priceless metals comparable to lithium, nickel and cobalt.
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