CATL supplied EV batteries to Kia of South Korea – CATL Spokesperson

The 2023 Kia Telluride is unveiled at the 2022 New York International Auto Show in Manhattan, New York, U.S., April 13, 2022. REUTERS/Brendan McDermid

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SHANGHAI/SEOUL, June 23 (Reuters) – Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) has supplied batteries for electric vehicles (EVs) to South Korean company Kia Corp (000270.KS), it said on Thursday. companies, marking Kia’s first use. of non-Korean EV batteries for door-to-door sales.

The South Korean automaker, a subsidiary of Hyundai Motor Co (005380.KS), has chosen CATL’s batteries for its Niro electric crossover SUV, in a bid to expand its range of battery suppliers, a southern newspaper reported on Wednesday. -Korean.

“As sales of its battery electric vehicles grow 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 batteries.

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A CATL spokesperson also confirmed the report, without giving further details.

CATL, whose customers include Tesla Inc (TSLA.O) and Volkswagen AG (VOWG_p.DE), 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 electric vehicle battery market. Analysts say the market is worth tens of billions of dollars a year.

For domestic electric vehicle sales, Hyundai Motor and Kia previously only used batteries from two South Korean companies – LG Energy Solution Ltd (373220.KS) and SK Innovation Co Ltd (096770.KS) SK On.

These battery makers and their national counterpart Samsung SDI Co Ltd (096770.KS) together control more than a quarter of the global electric vehicle battery market, according to SNE Research.

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

Our standards: The Thomson Reuters Trust Principles.

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