SK Innovation to work with Hyundai Motor, Kia to develop hybrid EV batteries

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo/File Photo

April 16, 2021

SEOUL (Reuters) – South Korea’s SK Innovation Co Ltd said on Friday it will cooperate with Hyundai Motor Co and Kia Corp to develop pouch-type batteries for hybrid electric vehicles (EVs).

SK Innovation said in a statement that it aims to supply batteries for Hyundai and Kia hybrid EVs that are expected to be launched starting 2024.

(Reporting by Joyce Lee; Editing by Himani Sarkar)