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SQM announced long-term lithium supply agreement with Hyundai and Kia
Monday, June 17, 2024 - 15:00
SQM. Foto: Reuters.

"We are very proud to announce this supply agreement for high-quality battery-grade lithium hydroxide with world-leading electric vehicle producers such as Hyundai and Kia, contributing to a cleaner world," commented Carlos Díaz, CEO of SQM. Salar SA

Sociedad Química y Minera de Chile SA (SQM) announced today Monday that its wholly owned subsidiary SQM Salar SA has signed a long-term agreement with Hyundai Motors Co. Ltd. and Kia Corporation, leading global electric vehicle manufacturers located in Korea. from the south.

Hyundai and Kia have decided to secure a portion of their future lithium hydroxide supply from SQM, after considering the company's qualities as a leading lithium supplier with a growth plan, proven operational capabilities, extensive commercial and technical experience, high quality standards and environmentally sustainable and responsible production.

"We are very proud to announce this supply agreement for high-quality battery-grade lithium hydroxide with world-leading electric vehicle producers such as Hyundai and Kia, contributing to a cleaner world," commented Carlos Díaz, CEO of SQM. Salar SA

"This is a clear demonstration that we are doing things right and Hyundai and Kia's confidence in our supply is a strong motivation to continue with our lithium hydroxide expansion plan, always striving for higher quality and a smaller environmental footprint. "concluded Felipe Smith, commercial vice president of lithium.

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