SK Inno just won the supply deal for Hyundai today. The competition was very hard among the battery companies (Samsung SDI, LG Chem,CATL etc)
SK Inno will supply the battery 9.0.5.0.5 to Hyundai for IONIQ7 & KIa Sports utility car. It is about 20 Billion AUD supply deal. The Hyundai will produce IONIQ7 around 2023. I think the timeline is good for AUZ.
They are also building battery plant in Hungary as well.
The new has not come out yet in English version. but I left here the link if someone want to check.
Their SP went up 12.86% today when the news come out.
https://www.hankookilbo.com/News/Read/A2021013110320003327
They definitely need a lot of battery materials.
The question is where they are going to get materials from ?
SK Inno just won the supply deal for Hyundai today. The...
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