Hyundai and SK Innovation partner to develop EV lithium-ion battery industry ecosystem

Vehicle OEM Hyundai Motor Group and lithium-ion battery maker SK Innovation will partner to create a battery value chain and strengthen eco-friendliness of electric vehicle batteries.
The South Korean firms have agreed to cooperate in the development of a sustainable ecosystem for electric vehicle (EV) batteries and create acycle of battery usage known as the Battery as a Service (BaaS), which includes lease or rental service.
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