South Korean refiner SK Innovation Co has finalised a deal to supply its lithium-ion electric vehicle (EV) batteries for use in Mercedes Benz’s EV cars.
Most of the details were kept secret, but what we do know is the deal is due to begin in 2017, according to reports by South Korean Yonhap English News.
SK Innovation has been aiming to enter the EV battery business since expanding its global outreach in 2008 and building its first plant in Seosan, South Korea, in 2012.
The company recently doubled capacity at the battery plant to 700 megawatts (the equivalent of battery packs for 15,000 vehicles a year).
The company currently provides lithium-ion batteries for EVs produced by Kia Motors and China’s state-run Beijing Automotive Industries Holdings.
