Hyundai To Invest In SolidEnergy Systems
Follow us on
Highlights
- Hyundai is planning a $100 million investment in SES
- Previously, General Motors had invested and partnered with the startup
- Hyundai plans on making solid state batteries by 2030
Hyundai is about to become the second major automaker which will invest in battery startup SolidEnergy Systems. The 9 year old company that was spun out of the world famous Massachusetts Institute of Technology, is gearing up for a $100 million investment. The startup makes batteries based on anode free batteries based on Lithium.
"As we have been investing in various companies related to electrification, our investment in SolidEnergy is part of that," an official at Hyundai Motor told Yonhap.
SES counts General Motors as a major investor and also SK Inc which is one of the biggest battery suppliers in the world. In April, Hyundai revealed that it has been developing sold state batteries and had plans to mass produce vehicles based on the technology by 2030. Looks like, it had been working with SES.
The Hyundai Kona is one of the first EVs by the South Korean major
Currently, Hyundai mostly sources its batteries from LG Energy Solutions and SK Innovations but it has run into a host of issues with the batteries in its EVs with numerous recalls.
General Motors which also announced a partnership with SES in March hasn't talked much about solid state batteries but it did say it was seeking the help of the startup to enhance its Ultium batteries that would allow for enhanced range with small batteries.
Solid State Batteries are considered the next frontier in battery tech. Mostly, the charge is being led by VW group backed QuatumScape which will likely be the first vendor to commercialise the technology.
Last Updated on July 8, 2021
Great Deals on Used Cars
View All Used Cars
- 15,666 km
- Petrol
- Manual
- 62,246 km
- Petrol
- Automatic
- 25,000 km
- Petrol
- Automatic
- 42,000 km
- Petrol+CNG
- Manual
- 60,000 km
- Petrol
- Manual
- 74,440 km
- Petrol
- Manual
- 67,000 km
- Diesel
- Manual
- 50,561 km
- Petrol
- Manual
- 50,000 km
- Diesel
- Automatic
- 65,210 km
- Petrol
- Manual
Popular Hyundai Models
₹ 10.87 - 19.2 Lakh
₹ 6 - 10.1 Lakh
₹ 7.77 - 13.81 Lakh
₹ 6.99 - 11.16 Lakh
₹ 10.97 - 17.38 Lakh
₹ 4.87 - 6.45 Lakh
₹ 16.78 - 21.24 Lakh
₹ 29.02 - 35.94 Lakh
₹ 44.95 Lakh
₹ 23.84 - 24.03 Lakh
₹ 5.69 - 8.47 Lakh
₹ 6.33 - 8.9 Lakh
₹ 9.99 - 12.47 Lakh
Upcoming Cars
Upcoming Bikes
Explore More
-19567 second ago
-18989 second ago
The bikemaker’s cumulative motorcycle sales for the year 2023 stood at 621,672 units, reflecting a 13 per cent increase.
-16795 second ago
In the previous month, the automaker sold a total of 11,891 units, marking a growth of 24 per cent as compared to the same month last year.
-13085 second ago
At present, India’s largest carmaker holds just a little over 2.06 lakh open bookings, nearly a third of which are for the Ertiga.
-8943 second ago
New variant of the Chetak scooter gets some changes as compared to the Premium variant currently on sale.
-5648 second ago
The cumulative sales for the Calendar Year 2023 reached 2,10,497 units - a 40 per cent growth over 2022
-3605 second ago
While sales were up in comparison to November 2022, Ather reported a 7 per cent decline in sales as compared to October 2023
13 minutes ago
The car draws inspiration from the historic "911 Turbo Nr. 1” commissioned by Ferdinand Porsche’s daughter
15 hours ago
Now in its 10th year on sale, Maruti’s compact sedan found the least amount of takers this year in the month of November.
16 hours ago
TVS Motor Company saw a growth of 50 per cent in domestic sales from November 2022.
