Hyundai Struggling To Source Ioniq Batteries After Unexpected Demand

Hyundai is struggling to keep up with demand for the Ioniq Electric and is reportedly facing a shortage of batteries from LG Chem.

Inside EVs reports that Hyundai initially ordered 7,000 batteries from the Chinese company but following unexpected demand for the electric car, has apparently asked LG Chem to provide it with more batteries.

According to Business Korea, “the company has difficulties in production as the demand of the Ioniq EV turned out to be two times higher than expected due to the EV syndrome at EV contests held by local governments earlier this year. In particular, LG Chem is seeking to boost production to meet the growing demand, but it is struggling to supply batteries to Hyundai Motor as well as other automakers.”

Since launching in South Korea, the Ioniq Electric has quickly become the nation’s best-selling electric vehicle and waiting lists have stretched out to around 5 months. This has led Hyundai to boost production of the EV from 1,200 units a month to 1,800 but a lack of batteries is preventing it from expanding production further.

Released at the start of 2016, the Hyundai Ioniq is available in Hybrid, Plug-In and Electric guises. The latter of the three uses a 28 kWh lithium-ion-polymer battery and electric motor with 118 hp and 218 lb-ft of torque. The automaker quotes a range of over 155 miles (250 km) as well as a 165 km/h (103 mph) top speed.

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  • YUDHA BAGASKARA

    Does the car better than overrated prius?

    • baofe

      yes car better the does than overrated prius

      • alexxx

        Oh stop 🙂

    • Timo

      Prius is not all-electric.

  • Benjamin B.

    Meanwhile Elon Musk is waiting for battery orders

  • bd

    LG Chem is a Korean company and the battery shortage is made worse by the Kia Niro being in more demand than the Ioniq.

    • Liam Paul

      Win win for as hyundai as they own kia

  • Auf Wiedersehen

    DOH! The people called their bluff….