Samsung, LG, SK, and Hyundai Motor have recently met four group leaders. It is analyzed that the cooperation between battery makers and automakers is urgently needed for global competition.

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The beginning of'Battery Meeting' was the meeting of Hyundai Motor Company's senior vice chairman Jeong-sun Jeong and vice chairman Lee Jae-yong of Samsung in May.

LG's chairman Kwang-mo Koo, who already supplies the most batteries to Hyundai Motor, also met with Vice Chairman Chung a month later.

And today (7th) until the meeting of SK Choi Tae-won and Vice Chairman Chung.

The 4th global electric car company and the 1st, 4th, and 7th battery share companies alternated to share the future battery development situation and discuss cooperation plans.

The background is the potential of the electric vehicle market, which is expected to grow to 22.13 million in 2025.

Hyundai Motor Company, which will develop 23 types of exclusive models and become the world's third, is a customer that cannot be missed by the battery industry.

[Lee Hang-Koo/ Senior Research Fellow, Industrial Research Institute: Hyundai Motor can secure a stable supply line by diversifying its supply lines from three domestic batteries, and the three battery companies are able to secure a stable demand for Hyundai Motor. In the

automobile industry, which is forced to go to an eco-friendly electric vehicle in the end due to strengthened environmental regulations, securing quality batteries is a matter of life and death.

Pairing between automakers and battery companies like Tesla and Panasonic, Volkswagen and Northvolt is already a global trend.

[Lee Joo-wan/ Research Fellow, POSCO Management Institute: (Completed car companies) need a battery that can drive more than 400km at a time. In fact, companies that can make such batteries have to be narrowed down to five or six.]

Some industries, such as the Ministry of Industry, have a mixed hope that industry-leading technology development is possible.

However, it is doubtful whether LG and SK, which have had severe patent disputes until recently, will be able to cooperate by sharing sensitive technologies.

(Video editing: Park Ki-deok, CG: Kyu-yeon Kim)