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

Fri, 09/11/2020 - 10:31 -- paul Crompton

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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