Mercedes-Benz Turns To SK Innovations As Lithium-Ion Battery Supplier For Future Plug-In Cars
After giving up on making its own cells with joint venture Li-Tec, Mercedes-Benz has chosen SK Innovation to be its provider for lithium ion battery cells going forward. As Mercedes has grand plans to expand its line-up of electric vehicles (mostly PHEVs for now), it will form the cells into battery packs for many upcoming models.
SK has recently doubled its production and capacity in Korea. The company is supplying increased orders and running 24 hours a day, 7 days a week. SK expects to continue expanding current projects along with the Daimler orders.
Head of Battery & I/E Materials with SK Innovation, Hongdae Kim, explained:
“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.”
SK Innovation projects that “the global electric vehicle market will reach 6 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.”
This forward move by SK Innovation shows that it has the ability to supply on a global level.