BMW Inks Multi-Billion-Dollar Deal with CATL and EVE Energy to Secure Cylindrical Battery Supply

d provide full LFP battery packs for the all-electric SUV Mustang Mach-E models for North America starting next year as well as the all-electric truck model F-150 Lightnings in early 2024. The South Korean media revealed that month that Hyundai considered adopting CATL-made batteries for all of its vehicle models, and even had agreed with CATL on the size and specifications of the lithium iron phosphate (LFP) that may be equipped for Hyundai’s vehicle, though not settling partnership due to disagreement on unit price.

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