Might 4, 2023: South Korea’s SK IE Expertise stated on Might 1 that it has agreed to a deal to produce separators to Chinese language EV battery maker Sunwoda.
SKIET stated the businesses signed a memorandum of understanding for the lithium ion separator deal, marking the Korean firm’s first large-scale provide of EV battery separators to a Chinese language battery producer. EV.
Monetary particulars weren’t disclosed, however SKIET stated the separators will probably be manufactured and equipped from a manufacturing facility in Changzhou (pictured) in China.
The settlement additionally strengthens the businesses’ current enterprise relationship.
Till now, SKIET has been supplying separators for IT and digital merchandise to Sunwoda Group.
Sunwoda’s main prospects embody Geely Auto Group, Dongfeng Cummins Engine, SAIC Motor, Volvo Automobiles, and Volkswagen.
SKIET, which has a European manufacturing operation in Poland, stated it expects to work with Sunwoda in different international locations.
The Korean agency can also be contemplating coming into the North American market – the place it hopes to learn from incentives offered underneath the US Inflation Discount Act.
Journal of Vitality Storage reported on April 13 that South Korea has launched a multibillion greenback program to defend and increase its battery business amid fears that profitable US tax breaks and incentives are tipping the worldwide battery commerce steadiness stateside.
