It is reported that Zeng Yuqun, chairman of Ningde Times, will travel to South Korea this week to meet with executives of Hyundai Motor Group.

On November 1, according to foreign media reports, Zeng Yuqun, chairman of Ningde Times, the current largest electric vehicle battery manufacturer, will travel to South Korea this week to meet with executives of Hyundai Motor Group.

Zeng Yuqun will travel to South Korea this week, which was first reported by the South Korean media. According to sources, Zeng Yuqun may meet with Zheng Yixuan, chairman of Hyundai Motor Group.

Foreign media reported that in the case of cooperation between the two companies, Zeng Yuqun went to South Korea to meet with executives of Hyundai Motor Group, which will strengthen the cooperation between the two companies.

Ningde Times is already a battery supplier to Hyundai Automobile Group. The Niro electric vehicles launched by Hyundai Motor Group's Kia are equipped with batteries supplied by the Ningde era. In addition to supplying batteries, the two companies also have technical cooperation. Foreign media reported that Hyundai Mobis, a maker of auto parts owned by Hyundai Motor Group, signed a technology license agreement with Ningde Times.

Foreign media reported that Hyundai Motor Group has begun construction of its electric car and battery plant in Georgia, and that the plant considered by the Ningde era in Mexico will be able to supply batteries to Hyundai's plant in Georgia.