news, auto news, catl batteries, catl, kia india, hyundai motor india, batteries, evs, carandbike
CATL, whose clients include Tesla Inc and Volkswagen AG, is the world’s largest battery maker.

Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) has supplied electric vehicle (EV) batteries to South Korea’s Kia Corp, the companies said on Thursday, marking Kia’s first use of non-Korean EV batteries for sales at home.

The South Korean automaker, an affiliate of Hyundai Motor Co, has chosen batteries from CATL for its electric Niro crossover SUV, aiming at expanding its range of battery suppliers, a South Korean newspaper reported on Wednesday.

“With sales of its battery electric vehicles growing globally, Kia is cooperating with various battery suppliers to diversify and stabilize battery supply,” Kia said in a statement to Reuters, confirming the use of CATL’s batteries.

A CATL spokesperson also confirmed the report, without elaborating.

CATL, whose clients include Tesla Inc and Volkswagen AG, is the world’s largest battery maker.

Industry tracker SNE Research says the company has a share of more than 35% of the booming global EV battery market. Analysts say the market is worth tens of billions of dollars a year.

For domestic EV sales, Hyundai Motor and Kia have previously used only batteries from two South Korean firms – LG Energy Solution Ltd and SK Innovation Co Ltd’s SK On.

Those battery makers and domestic peer Samsung SDI Co Ltd together command more than a quarter of the global EV battery market, according to SNE Research.

(Reporting by Zhang Yan in Shanghai and Heekyong Yang in Seoul; Editing by Muralikumar Anantharaman and Bradley Perrett)

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

TECH NEWS RELATED

Reliability, Value, and Safety – These Are the 5 Best Used Pickup Trucks

If you’re in the market for a new-to-you pickup truck, you have a lot of great options. The best used pickup trucks offer a blend of reliability, value, and safety. These five pickup trucks are your best bet for a great used truck according to J.D. Power. 2012-2015 Toyota Tacoma ...

View more: Reliability, Value, and Safety – These Are the 5 Best Used Pickup Trucks

Avoid Falling for These Costly Car Leasing Traps

Leasing a car instead of buying it can be a better option for drivers. You can potentially pay less per month and have more options. But there are plenty of factors to consider when leasing a car. Bankrate put together nine traps to avoid when car leasing. Here’s what you ...

View more: Avoid Falling for These Costly Car Leasing Traps

Apple Card doubles its cash back for a limited time

Source: Apple What you need to know Apple Card is doubling the Daily Cash you get back for a limited time. Now through July 31, Apple Card users can earn double the cash back at select merchants. Participating merchants include Fandango, Petco, StubHub, and more. Apple has announced one of ...

View more: Apple Card doubles its cash back for a limited time

How to Support Reproductive Care: List of Charitable Organizations

Here’s a list of organizations currently accepting donations aimed directly at aiding reproductive care.

View more: How to Support Reproductive Care: List of Charitable Organizations

California Might Soon Incentivize Swapping ICE To EVs

As we continue down the road of the electric vehicle (EV) era, some enthusiasts are already considering swapping in Tesla Model S powertrains into their ICE-powered vehicles. One might soon be able to get some financial rebate for doing the swap in California, if AB 2350 passes and becomes law. ...

View more: California Might Soon Incentivize Swapping ICE To EVs

Lewis Hamilton Responds to Retired Racer's Racist Slur

Despite Sir Lewis Hamilton making efforts to bring more inclusivity to Formula 1 and shine a light on social issues that plague black people, women, LGBTQIA+, and other marginalized groups, the seven-time world champion continues to experience racism. Audio has surfaced from a 2021 podcast in which Brazilian former F1 ...

View more: Lewis Hamilton Responds to Retired Racer's Racist Slur

2023 Mercedes-Maybach GLS spied

The giant Mercedes-Benz GLS SUV is set to receive even more luxury from Maybach. Mercedes-Benz is readying an update to its range-topping GLS seven-seat SUV and with it a new ultra-luxurious Maybach version. It’s set to renew its rivalry with the Bentley Bentayga and Rolls Royce Cullinan, with the ...

View more: 2023 Mercedes-Maybach GLS spied

Exclusive: Adrian Newey on the Red Bull RB17 hypercar

Famed F1 designer talks with us about the Red Bull RB17 road car. Red Bull Advanced Technologies has shocked with the news that it will launch a 930kW hybrid hypercar in 2025 to rival the Mercedes-AMG One and Gordon Murray T50. It is the work of revered F1 engineer ...

View more: Exclusive: Adrian Newey on the Red Bull RB17 hypercar

Dodge Charger Widebody Ute From Smyth Performance Looks Hellcat Ready

2023 Mercedes-AMG C43 First Drive Review: Electrified Turbo Feels Like Magic

Exclusive: Adrian Newey details Red Bull RB17 hypercar

MG 4 electric hatch revealed

Hyundai Ioniq 6 N and Shooting Brake could come

Advice to beat scammers

Badass Big-Rigs Barnstorm Branson at the 40th Annual SuperRigs Truck Show

Review: 2023 Cadillac Lyriq augurs in a new wave of electric luxury

'I will stream while you cook for me,' says banned Twitch streamer in bizarre sexist rant

Compact BMW X3 or X5 Midsize? What’s the Better Bimmer?

Apple 'may have failed' to build this iPhone 15 feature

Mercedes-AMG C 43 4Matic 2022 review

OTHER TECH NEWS

Top Car News Car News