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Hyundai To Invest $100 Million In Battery Startup Solidenergy Systems

Hyundai To Invest $100 Million In Battery Startup Solidenergy Systems

07/05/21, 9:37 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/KR.svgseoul
Money raised
$100 million
Seoul: South Korea's Hyundai Motor Co. has invested about $100 million to buy a stake in a lithium metal battery startup, Yonhap news agency reported on Sunday, citing industry sources.

Company Info

Company
Solid Energy
Location
seoul, seoul, south korea
Additional Info
In April, Hyundai said during its earnings call that the company had been developing solid-state batteries and planned to mass produce electric vehicles (EV) using solid-state batteries in 2030.