Daimler reveals new battery supplier for future EVs

Daimler reveals new battery supplier for future EVs

Business news |
By eeNews Europe

Battery cells to be supplied by SK Innovation will be formed into battery packs and equipped in future Mercedes-Benz electric vehicles. With battery cells supplied by SK Innovation, Mercedes-Benz is planning to expand its clean-energy electric vehicle line-up in full-scale. SK Innovation battery cells will equip multiple electric vehicle models in diverse segments.

After doubling the company’s battery manufacturing capacity in Seosan, Korea, SK Innovation is meeting increased orders with production running 24 hours a day, seven days a week. SK Innovation is expecting to expand the company’s manufacturing volume through additional projects with current customers and new business opportunities, in addition to the new orders from Daimler.

SK Innovation projects the global electric vehicle market will reach six million by year 2020, due to strengthening environmental regulations in Europe, China and US. Specifically, plug-in hybrid and battery electric vehicles are expected to outgrow hybrid electric vehicles.

“SK Innovation is planning to strengthen its position in the global battery market with differentiated performance and technology, while reinforcing relationship with the current customers such as Daimler, to prepare for strong growth of the electric vehicle market. Winning a major project with Mercedes-Benz, SK Innovation has become a top-tier supplier, in lead of the global electric vehicle battery market, for best-in-class automotive customers in Korea, China and Europe,” explained Hongdae Kim, Head of Battery & I/E Materials with SK Innovation.

SK Innovation is a key battery supplier for a number electric vehicle manufacturers including Faraday Future.

Previously Mercedes-Benz hasd a contract for battery packs and other parts with electric car maker Tesla Motors Inc.  In August 2015 Mercedes-Benz ended the Tesla agreement and has been looking since then for a new battery supplier.

Tesla Motors is continuing with the company’s plans to develop a lithium-ion battery Gigafactory embracing a 10 million square feet production space dedicated to producing as many as half a million lithium ion battery packs by 2020.

Related articles and links:

News articles:

Faraday Future aims to threaten Tesla’s EV market share

BMW and Tesla look at car battery alliance

Daimler to step into the ring against Tesla with own e-car design

Nissan pumps GBP26.5m into advanced lithium-ion battery plant in UK

Daimler invests 100m euros in German battery expansion

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles