SQM - SQM Secures Long-term Lithium Deals with Hyundai and Kia

2024-06-18 11:30:00 ET

SQM (NYSE: SQM ) that its subsidiary SQM Salar has entered into a long-term agreement to supply Hyundai Motor (KRX: 005380 ) and Kia’s (KRX: 000270 ) with lithium hydroxide.

The partnership with two of South Korea's leading electric vehicle (EV) manufacturers strengthens SQM's position as a major supplier to the rapidly growing EV industry.

"We are incredibly proud to announce this supply agreement with HYUNDAI and KIA," said Carlos Diaz, CEO of SQM Salar, in a press release on Monday (June 17). "By providing these world-leading EV manufacturers with high-quality battery-grade lithium hydroxide, we are actively contributing to a more sustainable future."

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