First-Ever Collaboration: Samsung SDI’s EV Battery Deal with Hyundai, Starting 2026

October 23, 2023 – Samsung SDI, a South Korean battery manufacturer, announced on Monday that it will commence supplying electric vehicle (EV) batteries to Hyundai Motor starting in 2026, in a seven-year agreement marking the first-ever battery supply deal between the two companies. In a statement, Samsung SDI stated, “This latest supply agreement signifies the…

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Ford CEO Sees Bright Future for Range-Extending Vehicles, Catering to Americans’ Love for Big Cars

February 6, 2025 – Jim Farley, CEO of Ford, stated in a financial earnings call on Wednesday that range-extending electric vehicles (REEVs) will play a crucial role in the American automotive market. His reasoning is straightforward: “Americans love big cars, especially big pickups.” REEVs, which primarily use electric motors for propulsion but also carry a…

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