Hyundai

Hyundai is introducing the Ioniq brand to China and will unveil its first production model for the Chinese market at the Beijing Auto Show later this month.

Changan has taken over Beijing Hyundai's Chongqing plant, which has now been converted into Deepal production lines.

The Hyundai EO starts at RMB 119,800 yuan ($16,870) and will compete against models including the BYD Yuan Plus and Geely Galaxy E5.

The Hyundai EO starts at RMB 130,000 ($18,250) in pre-sales, with major rivals including the BYD Yuan Plus and Geely Galaxy E5.

Beijing Hyundai has completed the debut of the Elexio, saying it aims to launch a comeback bid by a joint venture automaker in China.

Ganfeng will supply battery-grade lithium hydroxide products to Hyundai Motor under a contract valid from January 1, 2024 to December 31, 2027.

Hyundai will work with China's Naas Technology on charging infrastructure, while Kia puts into operation the first supercharging station it built with Shell in China.

CATL may have set up the subsidiary to support Hyundai in supplying its lithium iron phosphate technology.

Nio's 75-kWh hybrid battery pack unveiled last month uses CATL's next-generation CTP technology to simplify manufacturing and assembly by 10 percent.

Hyundai has five passenger car production bases in China with a combined annual production capacity of 1.65 million units.