Hyundai to expand use of CATL battery technology in 2023: report

Korean automaker Hyundai will reportedly source technology from Chinese battery giant CATL in 2023, sources told Korean media The Elec on Monday. The technology, named cell to pack (CTP), can pack battery cells without modules. The latest CTP methods offer 13% more density than the conventional 4680 batteries. Light electric vehicles such as the Kia Ray will be the first to apply this technology, according to sources. The move suggests that Hyundai could reduce its imports of batteries from CATL rivals like LG Energy Solution and SK On, according to The Elec. [The Elec]