Hyundai Teams Up with South Korean Tech Giants for EV Success

Hyundai Motor Group is one of the leading automakers in the world, with a strong presence in the electric vehicle (EV) market. At your local Hyundai dealer, you can find a range of hybrid, plug-in hybrid, and fully electric models from Hyundai. Hyundai is the only automaker currently offering 800V battery technology in affordable vehicles like the IONIQ 5 and Kia EV6.

Ambitious EV Plans and Strategic Partnerships for Hyundai

Hyundai boldly plans to become a top three global EV producer by 2030. To achieve this goal, Hyundai is teaming up with some of South Korea’s most innovative technology companies: LG, SK, and Samsung. These strategic partnerships will allow Hyundai to leverage domestic resources and expertise to advance its EV programs to your local Hyundai dealer.

Why Partner with LG, SK, and Samsung?

Each of these tech giants is a leader in technologies essential for electric vehicles. LG supplies OLED display panels, camera modules, software, batteries, and more. LG Energy Solution is one of the top two EV battery makers globally. SK Innovation, another leader in batteries and recycling, will provide the batteries for Hyundai EVs. Samsung, the world’s largest tech company, will supply the semiconductors, like its Exynos Auto V920 chips, to power autonomous driving and infotainment systems in Hyundai vehicles starting in 2025.

Benefits of the Tech Partnerships for Hyundai

Collaborating with these South Korean powerhouses will provide Hyundai with several key benefits to boost its competitiveness and sales in the growing global EV market:

► Accelerated Innovation: Access to cutting-edge technology and R&D will help Hyundai roll out new features and solutions faster than its competitors

► Reduced Costs: Sourcing locally will lower production and logistics costs, allowing Hyundai to sell affordable, high-margin EVs

► Improved Quality: Close cooperation will ensure Hyundai EVs meet the highest standards, enhancing brand reputation and customer satisfaction

► Expanded Market Reach: Leveraging the tech giants’ global networks will help Hyundai access new and emerging EV markets worldwide

Shared Vision. Shared Success

Hyundai’s partnerships with LG, SK, and Samsung highlight its foresight and ambition. Rather than going it alone, Hyundai gained valuable allies to help reach its goals. These South Korean powerhouses can work together to gain a competitive edge by tapping into a shared passion for innovation and prosperity. With coordinated investments in R&D, supply chain integration, and global expansion, Hyundai and its partners are on track to set new standards of excellence. Anything is possible at your favorite Hyundai dealer.

The Road Ahead

With bold targets and strong partners in place, Hyundai is destined to become a dominant player in the global EV revolution. By tapping into South Korea’s wealth of technology and talent, Hyundai can overcome obstacles and seize new opportunities to shape the future of transportation. The alliances with LG, SK, and Samsung signal Hyundai’s drive to be at the forefront of electrification, connectivity, and automation. At your local Hyundai dealer and beyond, the road ahead looks bright.