SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung plans to collaborate with Hyundai for electric cars

General
By 

Last updated: May 13th, 2020 at 09:21 UTC+02:00

Samsung is planning to collaborate with South Korean carmaker Hyundai for electric cars. It is being reported that top bosses of the two firms met to discuss a potential collaboration. Samsung may want to supply EV batteries and other connected car components for Hyundai’s electric vehicles.

Samsung Electronics Vice Chairman Lee Jae-yong met Chung Eui-sun, Executive Vice Chairman of Hyundai Motor Group, at Samsung SDI’s battery plant in Cheonan, Seoul. Senior executives of the two companies were also present during the meeting. The two firms are said to have discussed next-gen battery technologies and also shared their research and development statuses in the field with each other.

A Samsung spokesperson said that the company’s all-solid-state batteries are stable and sturdy, and the South Korean electronics firm is hoping for expanded collaboration with Hyundai in the electric mobility segment. Hyundai currently uses batteries from LG Chem and SK Innovation in its electric cars, but Samsung could soon be added to its list of battery suppliers.

Currently, electric vehicles use batteries with liquid electrolytes. However, all-solid-state batteries offer improved performance and higher energy density. Samsung had announced back in March that its solid-state batteries could allow electric cars to travel as long as 800km in a single charge and can handle over 1,000 charge cycles.

Samsung acquired HARMAN International for $8 billion three years ago. The company now makes connected car components, digital cockpits, displays, infotainment systems, memory, and sensors for cars. If Samsung’s collaboration with Hyundai succeeds, it could mean more business for the South Korean firm.

Hyundai has plans to launch 44 eco-friendly car models by 2025, and 23 of them would be purely electric. Samsung SDI already supplies EV batteries to Lucid Motors and is trying to be more self-reliant by manufacturing cathodes internally.

Via General Harman InternationalSamsung SDI
Load 0 comments

You might also like

Galaxy Z Flip 4’s batteries get pictured, bring a major upgrade

Months before the launch, information about the Galaxy Z Flip 4 and the Galaxy Z Fold 4, including the design …

  • By Asif Iqbal Shaik
  • 1 week ago

Samsung and Stellantis building $2.5 billion EV battery plant in India …

Samsung SDI, a division of the Samsung conglomerate, is a leading supplier of batteries for electric vehicles. …

  • By Adnan Farooqui
  • 4 weeks ago

Samsung is developing stacked smartphone batteries inspired by electri …

Samsung SDI’s experience in electric vehicle (EV) battery manufacturing could soon come into play for th …

  • By Mihai Matei
  • 2 months ago

Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor ch …

  • By Asif Iqbal Shaik
  • 3 months ago

Samsung begins construction of a new EV battery plant in the US

As the world is moving towards greener technology for transportation, Samsung is also planning to make its pre …

  • By Sagar Naresh
  • 3 months ago

Samsung SDI profit rises 14.6% as EV car sales increase worldwide

Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech gian …

  • By Asif Iqbal Shaik
  • 5 months ago