© Reuters. FILE PHOTO: Hyundai displays the new Ioniq 6 vehicle at the 2022 Los Angeles Auto Show in Los Angeles, California, U.S., November 17, 2022. REUTERS/Mike Blake/File Photo
SEOUL (Reuters) – South Korean battery maker SK On has signed a pact with Hyundai Motor group for the supply of electric vehicle (EV) batteries in North America, the company said on Tuesday.
SK On said the memorandum of understanding (MOU) lets the two companies cooperate in providing its batteries to the auto group’s plants in the United States after 2025 for production of electric vehicles.
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