Hyundai and Kia launch new LFP battery project for lower-priced EVs
Baua Electric
SEPTEMBER 26, 2024
South Korea’s leading automakers are doubling down on their efforts to cut EV costs with new battery tech. Hyundai and Kia are teaming up to develop LFP battery materials to power up lower-priced EVs. EcoPro BM will then use the tech to develop LFP battery cathode material. With BYD’s 11.9% of the worldwide market in Q2.
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