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SK Innovation to work with Hyundai Motor, Kia to develop hybrid EV batteries

FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul

SEOUL (Reuters) – South Korea’s SK Innovation Co Ltd said on Friday it will cooperate with Hyundai Motor Co and Kia Corp to develop pouch-type batteries for hybrid electric vehicles (EVs).

SK Innovation said in a statement that it aims to supply batteries for Hyundai and Kia hybrid EVs that are expected to be launched starting 2024.

(Reporting by Joyce Lee; Editing by Himani Sarkar)

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