THE INVESTOR

[KH Explains] Hyundai, hit by subsidy cuts in US, bolsters ties with China’s CATL

[KH Explains] Hyundai, hit by subsidy cuts in US, bolsters ties with China’s CATL

Hyundai Motor Group seems to be further bolstering its ties with China’s CATL, the world’s largest battery maker for electric vehicles, as part of its renewed strategy to diversify battery suppliers amid increasingly protectionist policies in the US and Europe, according to industry sources Sunday. The latest development comes after the world’s third-largest carmaker by sales has recently been stripped of EV subsidies in the all-important US market under the Inflation Reductio

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