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SK Energy to Supply Li-Ion Batteries to Mitsubishi Fuso
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South Korea's SK Energy has been selected as the supplier of lithium-ion batteries for Mitsubishi Fuso Truck and Bus Corp.'s hybrid electric vehicles.
The agreement “would enable SK Energy to participate in various hybrid and electric vehicles projects of Daimler as a preferred supplier,” the company said in the statement.Fuso is 85 percent owned by Daimler of Germany, and the remaining 15 percent is owned by companies in the Mitsubishi group.
This move has spawned a big market which everyone wants a piece of. Currently, South Korea's LG Chem and Samsung SDI have a large stake in the global car batteries market.
LG Chem will supply its lithium-ion batteries to the upcoming General Motors' Volt plug-in hybrid.
Samsung SDI is also working to supply its batteries to BMW's electric cars next year via a joint venture with Bosch called "SB LiMotive."
[source: Reuters]
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