Hyundai Motor, Kia Join Hands To Produce EV Batteries

Hyundai Motor and Kia, South Korea’s leading automotive companies, launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles. The project, also involving Hyundai Steel Co. and Ecopro BM, aims to develop a technology for synthesising materials directly without using precursors during LFP battery manufacturing.