SK Energy to supply batteries for EVs by Hyundai, Kia
SK Energy Co., South Korea's top refiner, said Thursday it will provide batteries for electric vehicles (EVs) to be developed by the country's top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp.
SK Energy will provide batteries for the i10, a high-speed EV that Hyundai Motor and Kia Motors are developing, with the aim of starting mass production at the end of this year.
The refiner also said it will offer batteries for new EVs that the two automakers aim to launch at the end of 2011.
The high-speed EVs can travel at a speed of more than 60 kilometers an hour by electric power, while hybrid electric vehicles are powered by both batteries and gasoline.
SK Energy signed a deal with German automaker Daimler AG to supply EV batteries in September 2009.
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