SQM partners with Hyundai and Kia for lithium supply

Chilean lithium giant SQM has recently inked a significant agreement with leading automakers Hyundai and Kia to supply lithium, a key ingredient in the production of electric vehicle batteries. This partnership marks a crucial step in meeting the surging demand for lithium as the automotive industry embraces the shift towards electric mobility.

Under the terms of the deal, Hyundai and Kia will secure a portion of their future lithium hydroxide supply from SQM, ensuring a stable and reliable source for their battery manufacturing operations. This move underscores the strategic importance of establishing a robust supply chain for essential raw materials in the rapidly evolving electric vehicle market.

The collaboration between SQM, Hyundai, and Kia reflects a shared commitment to advancing sustainable transportation solutions. By securing a long-term supply agreement with SQM, the automakers are positioning themselves to meet the growing demand for electric vehicles and drive the global transition towards cleaner mobility options.

The partnership between SQM, Hyundai, and Kia signifies a significant milestone in the journey towards a greener automotive industry. With a focus on securing a stable supply of lithium, these companies are not only meeting the demands of the electric vehicle market but also contributing to a more sustainable future for transportation worldwide.