Mexican Media Brands
Continental, SK Innovation Launch Battery Company
South Korea's SK Innovation and Germany's Continental AG have formally launched a still-unnamed venture to develop and market lithium-ion batteries for electric vehicles.
Share
South Korea's SK Innovation and Germany's Continental AG have formally launched a still-unnamed venture to develop and market lithium-ion batteries for electric vehicles. The partners announced plans for the venture in January.
Headquartered in Berlin, the new company expects to begin operations in the fourth quarter of this year. SK will own 51% and Conti 49% of the venture. Product development work will be split between Berlin and Daejon, Korea.
The partners expect the company to initially employ about 200 people worldwide. SK will contribute its expertise in battery technology, and Conti will provide battery controls and system integration know-how.
The companies say they will continue to independently pursue their own business strategies and supply their existing products to customers.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
