The leaders of Hyundai Motor Group and LG Group has met for the first time to discuss collaboration in batteries for electric vehicles (EV) on Monday.
Chung Eui-son, executive vice chairman of Hyundai Motor, and LG Group chairman Koo Kwang-mo, met at LG Chem’s Ochang battery plant, accompanied by their senior executives, the two companies said in a statement.
The two parities shared their opinions on the future batteries from lithium-sulfur to solid-state batteries. Chung also toured LG’s Ochang factory line and research lab.
Hyundai Motor Group recently chose LG Chem as the secondary vendor of batteries for its Hyundai brand's next-generation EV platform E-GMP.
Previously, the Hyundai Motor brand received its supply exclusively from LG while affiliate brand Kia Motors got theirs from SK Innovation.
LG Chem was actively developing next-generation batteries such as lithium-sulfur batteries and solid-state batteries as well as though new long-lasting batteries, LG Corp, the holding company of LG Group, said in a statement. LG said it hoped for active collaboration between the two conglomerates.
Hyundai and Kia were researching technology to offer the best batteries optimized for Evs, Hyundai Motor Group said in a statement. The meeting was done to share their development roadmap for the future, the group added.