Plan to use the new Kia Ray Expansion of CATL’s cooperation, such Niro and Kona.
Partnership with China for Batteries
In order to build new electric vehicles, Hyundai Motor Group is thinking about using lithium iron phosphate (LFP) batteries, which are primarily used by Chinese businesses. It is anticipated to be utilised beginning with Kia’s 2nd generation Ray EV, which is set to be on sale this year. China CATL is the battery’s supplier. This is the first electric vehicle employing a lithium iron phosphate battery that the Hyundai Motor Group has ever released.
Hyundai and CATL’s honeymoon alliance is growing stronger. Also, Hyundai Motor Corporation used a ternary battery from CATL in its newly introduced new Kona electric vehicle. Following the visit to Korea by CATL Chairman Zeng Yu-qun and his meeting with Chairman Chung Eui-sun in October of last year, the argument that the two businesses’ collaboration will deepen is becoming more persuasive.
In the second generation of Ray electric vehicles, Hyundai Motor Group is rumoured to first contemplate using Chinese CATL lithium iron phosphate batteries, according to the industry on the 10th. The CATL “Cell To Pack” (CTP: Cell To Pack) technology is used to compensate for the poor energy density. A technological licence and collaboration contract for the sharing of CTP has been signed between Hyundai Mobis, an electrical components business within the Hyundai Motor Group, and CATL (technology).
Cell To Pack (CTP) Technology
The ‘cell-module-pack’ stage of the module process, which makes up an electric car battery, is eliminated in CTP. By raising the energy density, electric car mileage can be increased. It is well recognised that because it employs less parts than ordinary electric vehicles, it can aid with reducing weight and cost reduction. China’s CATL is the company developing this technology. Batteries can, of course, only be made with CATL components.
Hyundai & CATL
Instead of an E-GMP specialised platform, the second-generation Ray electric car employs an A-segment (small car) integrated drive module (iDM) created by Borg Warner in the United States. Compared to E-800V, GMP’s it runs on a 400V system. This platform will be used by the Hyundai Motor Group’s upcoming lineup of compact electric vehicles. This is a chance to increase the availability of lithium iron phosphate batteries from CATL.
In actuality, CATL batteries are also used in the newly unveiled Kona electric vehicle. Not a lithium iron phosphate battery, but a ternary one. The only items imported from CATL were battery cells, and module and pack manufacturing was completed in Korea. In contrast, the European version of the new Kona electric car utilises a ternary battery from LG Energy Solution. This is taken to mean that production takes place at nearby factories.
Future battery purchases from Hyundai Motor Group are anticipated to come from the US Inflation Reduction Act (IRA) and the European Union’s Core Raw Material Act, among other sources (CRMA). In East Asia, CATL in China, in Southeast Asia, a battery strategic alliance with LG Energy Solutions (HLI Green Power in Indonesia), and in Korea and North America, SK On and LG Energy Solutions. In Europe, LG Energy Solutions, which is close to nearby manufacturers.
An insider in the sector predicted that collaboration between Hyundai Motor Group and CATL will increase in the medium to long term.
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