Korea-based SK Innovation has been selected as a Lithium-ion battery cell supplier for Mercedes-Benz EV projects.
SK Innovation released no details of the arrangement, saying only that its battery cells â€œwill be deployed in multiple electric vehicle models in diverse segments.â€
SK Innovation says it has recently doubled capacity at its plant in Seosan, Korea, and now has production running 24/7. The company is projecting huge growth in the plug-in market, and expects to expand its manufacturing volume even more, to supply Daimler and other customers.
Hongdae Kim, Head of Battery & I/E Materials with SK Innovation, said, â€œSK Innovation is planning to strengthen its position in the global battery market with differentiated performance and technology, while reinforcing relationships with current customers such as Daimler, to prepare for strong growth of the electric vehicle market.â€
Source: SK Innovation