Hyundai To Invest $100 Million In Battery Startup Solidenergy Systems
PRIVATEJul 05, 2021
Amount Raised
$100 Million
Round Type
Funding Round
Seoul
Description
Seoul: South Korea's Hyundai Motor Co. has invested about $100 million to buy a stake in a lithium metal battery startup, Yonhap news agency reported on Sunday, citing industry sources.
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Company Information
Company
Solid Energy
Location
Seoul, Seoul, South Korea
About
In April, Hyundai said during its earnings call that the company had been developing solid-state batteries and planned to mass produce electric vehicles (EV) using solid-state batteries in 2030.
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Seoul