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
-
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
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
