Hyundai To Invest $100 Million In Battery Startup Solidenergy Systems

Jul 05, 2021•about 4 years ago

Amount Raised

$100 Million

Seoul

Description

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 Information

Company

Solid Energy

Location

Seoul, Seoul, South Korea

About

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.

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Hyundai To Invest $100 Million In Battery Startup Solidenergy Systems

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Company Information