# Hyundai Motor Group and Korea Zinc partner on nickel supply chain

Hyundai Motor Group signed an MOU with Korea Zinc for comprehensive cooperation in the nickel value chain for EV batteries. The partnership includes joint purchasing of nickel raw materials and co-investment in mine development projects.

- Type: Partnership
- Announced: 2023-08-30
- Where: Seoul, South Korea
- Status: announced
- Products: nickel, EV battery materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md)
- [Korea Zinc](https://endata.com/companies/35360.md) (partner)

## Sources

- [biz.newdaily.co.kr](https://biz.newdaily.co.kr/site/data/html/2023/08/30/2023083000241.html), 2023-08-30: "Hyundai Motor Group and Korea Zinc have entered into a comprehensive cooperation in the nickel value chain for EV batteries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.