"Hyundai Motor will use the Chinese company CATL's batteries in its electric SUV scheduled to debut in China later this year. This is to get an advantage from the Chinese government's subsidy policy. It is worthwhile to recall that in Korea, the US, and Europe, the same vehicle has an LG Chem battery. As a result, Hyundai has not been able to place a name on the vehicle to be subsidized by the Chinese government and to be able to secure price competitiveness in China. Hyundai’s move is no doubt, a strategy followed by what Tesla had to do, which is investing in a local gigafactory in China to stay competitive with its Model 3." – Sujeong Lim