Might 4, 2023: South Korea’s SK IE Expertise mentioned on Might 1 that it has agreed to a deal to provide separators to Chinese language EV battery maker Sunwoda.
SKIET mentioned 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 mentioned the separators might be manufactured and provided from a manufacturing facility in Changzhou (pictured) in China.
The settlement additionally strengthens the businesses’ present enterprise relationship.
Till now, SKIET has been supplying separators for IT and digital merchandise to Sunwoda Group.
Sunwoda’s main clients embody Geely Auto Group, Dongfeng Cummins Engine, SAIC Motor, Volvo Vehicles, and Volkswagen.
SKIET, which has a European manufacturing operation in Poland, mentioned 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 profit from incentives offered underneath the US Inflation Discount Act.
Journal of Power Storage reported on April 13 that South Korea has launched a multibillion greenback program to defend and increase its battery trade amid fears that profitable US tax breaks and incentives are tipping the worldwide battery commerce stability stateside.