Hyundai To Use CATL's CTP Batteries Starting 2023 For Over 70,000 Vehicles

It is reported that Hyundai Motor Group would start using the Cell to Pack (CTP) technology obtained from CATL in its EVs as early as next year. This would mean CATL is expected to supply the Hyundai group with enough batteries to power in excess of 70,000 EV's.

CTP batteries supplied by CATL are based on the technology that directly integrates cells into packs without modules. This helps improve system energy density and simplifies manufacturing which will result in significant cost savings.

This technology licensing and cooperation agreement between Hyundai and CATL was signed in 2021. The Hyundai arm that would be incharge of the project is Hyundai Mobis, a component manufacturing subsidiary of the Hyundai Motor Group.

Based on the details of the deal, Hyundai Mobis would be able to use CTP technology in Hyundai vehicles. With this inked, CATL’s batteries adoption in the EV market will increase after just securing a deal with Vinfast earlier in the month. The CTP batteries that are to be supplied to Hyundai would be of the Nickel-based type instead of the standard lithium iron phosphate batteries (LFP).

With CATL latest CTP 3.0 technology it is able to increase the energy density of lithium iron phosphate batteries to 160Wh/kg resulting in a energy density increment to 255Wh/kg in ternary battery systems. This technology will be advantageous to brands in offering a 1000km of range.

For CATL, this partnership with Hyundai will open up more overseas market penetration while helping make Hyundai Motor’s EVs more powerful. Furthermore, with this CATL and Hyundai MOBIS would strive to develop more valuable offerings for the international EV market.

(Source: CarNewsChina)