The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Methods to avoid YouTube, Netflix restrictions go viral

  • 3

    'Dune: Part Two': most challenging but proud work, says director Denis Villeneuve

  • 5

    Korea's exports of dried seaweed hit new record in 2023

  • 7

    Hunting 'crow thief' on Korea's east coast in 1930s

  • 9

    INTERVIEWReform, foreign talent crucial to revitalizing Korean economy: McKinsey

  • 11

    Le Sserafim makes waves with English single 'Perfect Night'

  • 13

    'New initiative on NK' lacks balanced strategy: experts

  • 15

    Gov't boosts reserves to appease public jitters over urea shortage

  • 17

    Monthly active users of Instagram, Facebook declining amid fake news, scams

  • 19

    Eximbank teams up with US counterpart on decarbonization

  • 2

    Anti-dog meat legislation looks doomed as Assembly session ends in vain

  • 4

    N. Korea's fear of external info grows after Seoul allows sending propaganda leaflets

  • 6

    Leaders of Samsung, SK to visit Netherlands for chip alliance

  • 8

    Calls grow for shift from two-party political system

  • 10

    Skepticism mounts over shareholder activism at Samsung C&T

  • 12

    Yoon heads to Netherlands to boost semiconductor cooperation

  • 14

    This year's four-character Chinese idiom chosen

  • 16

    Hana Bank hosts foreign exchange quiz for employees

  • 18

    BTS' RM, Jimin, V, Jungkook to enlist in military this week

  • 20

    Hwang Byung-kwan: Remembering unsung hero of Korea's wrestling

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Tue, December 12, 2023 | 03:17
Business
SK Innovation to supply EV batteries to Mercedes-Benz
Posted : 2016-02-17 16:38
Updated : 2016-02-17 18:14
Lee Hyo-sik
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
SK Innovation's electric vehicle battery cell plant in Seosan, South Chungcheong Province
SK Innovation's electric vehicle battery cell plant in Seosan, South Chungcheong Province

By Lee Hyo-sik


SK Innovation has signed a contract with Mercedes-Benz to supply battery cells for the German automaker's next-generation electric vehicles (EVs), which will debut in 2017, the company said Wednesday.

But Korea's largest refiner and EV battery cell maker declined to unveil the size of the deal, citing a confidentiality agreement with Mercedes-Benz.

SK said the latest deal proves its status as global leadership in the manufacture of lithium ion battery cells. It fiercely competes with LG Chem and Samsung SDI to strike deals with global carmakers.

"Mercedes-Benz will form our battery cells into packs to use them for its upcoming EVs," an SK Innovation official said. "With our battery cells, the German premium carmaker plans to expand its clean-energy EV lineup in full scale. The latest deal shows that we possess globally competitive technologies and manufacturing capabilities for EV batteries."

The official said SK Innovation will further strengthen its position in the global battery market with its differentiated performance and technologies. "We will also reinforce our relations with clients and make greater efforts to do business with others."

Last July, the company doubled the production capacity of its battery plant in Seosan, South Chungcheong Province. The plant has been operating at 100 percent capacity to meet increasing demand, it said.

With the latest order from Mercedes-Benz and possibly more from other automakers, the company plans to expand its manufacturing capacity in Korea and China.

SK Innovation projects the global EV market to reach 6 million by 2020 in line with strengthening environmental regulations in Europe, China and the United States. In particular, plug-in hybrids and battery EVs are expected to outgrow hybrid EVs.

Emailleehs@ktimes.com Article ListMore articles by this reporter
 
wooribank
LG group
Top 10 Stories
1[INTERVIEW] Reform, foreign talent crucial to revitalizing Korean economy: McKinsey INTERVIEWReform, foreign talent crucial to revitalizing Korean economy: McKinsey
2This year's four-character Chinese idiom chosen This year's four-character Chinese idiom chosen
3Digital Chosun Releases Enhanced TOEFL Practice Online (TPO) Digital Chosun Releases Enhanced TOEFL Practice Online (TPO)
4[INTERVIEW] Korea, Netherlands to sign multiple deals in chip, energy, defense on Yoon's state visit: Dutch ambassadorINTERVIEWKorea, Netherlands to sign multiple deals in chip, energy, defense on Yoon's state visit: Dutch ambassador
5[INTERVIEW] Allgot hits jackpot with frozen gimbap in US INTERVIEWAllgot hits jackpot with frozen gimbap in US
6Korea considers producing urea as China curbs exports Korea considers producing urea as China curbs exports
7A glimpse inside Boeing's P-8 manufacturing plant A glimpse inside Boeing's P-8 manufacturing plant
8Indian embassy showcases rich culinary traditions, flavors Indian embassy showcases rich culinary traditions, flavors
9Deadly cost of slips of the tongue in N. Korea Deadly cost of slips of the tongue in N. Korea
10Representative 'kimchi coin' Wemix makes comeback amid ongoing scandals Representative 'kimchi coin' Wemix makes comeback amid ongoing scandals
Top 5 Entertainment News
1Le Sserafim makes waves with English single 'Perfect Night' Le Sserafim makes waves with English single 'Perfect Night'
2All BTS members begin military service, talk of group reunion in 2025 All BTS members begin military service, talk of group reunion in 2025
3'Dune: Part Two': most challenging but proud work, says director Denis Villeneuve 'Dune: Part Two': most challenging but proud work, says director Denis Villeneuve
4Kohei Nawa goes 'cosmic' in his disturbingly mesmerizing world Kohei Nawa goes 'cosmic' in his disturbingly mesmerizing world
5[INTERVIEW] How AmazeVR revolutionizes aespa's LYNK-POP concert INTERVIEWHow AmazeVR revolutionizes aespa's LYNK-POP concert
DARKROOM
  • It's beginning to look a lot like Christmas

    It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group