• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Company News3 / Conti targets EV market with battery JV

Conti targets EV market with battery JV

Date: 10th January 2012 Author: Tyrepress Editors Comments: 0

Continental Corporation and Korean company SK Innovation have announced they will jointly develop, manufacture and market lithium ion batteries systems for electric vehicles. The two companies have signed an agreement to set up a joint venture for this purpose, with SK Innovation and Continental holding 51 and 49 per cent ownership respectively.

According to Continental, the initial joint venture operations will be based in Germany and Korea and the management team will be comprised of executives from both companies. The new operation is subject to the completion of joint venture agreements, which are expected to be achieved by mid-2012.

“We are pleased to work together in such a key technology for future mobility. With Continental’s automotive expertise and SK’s battery leadership, we have confidence that the JV will become the market leader in battery systems,” stated Dr. Jay Koo, CEO of SK Innovation.

“The JV is ideally positioned to become a technology leader in providing battery solutions to the automotive industry worldwide because both companies are technology leaders in their areas of expertise, and both share a common strategic perspective for future mobility. Together we will be a powerful team that will work together very effectively in a promising partnership,” added Continental CEO Dr. Elmar Degenhart.

The joint venture will focus on developing Li-Ion battery systems for automotive customers. SK Innovation will supply lithium ion battery cells to the operation while Continental will supply Battery Management Electronics and its overall automotive systems competence. The newly formed entity will bring together experience in developing battery systems for vehicle manufacturers’ Hybrid Electric Vehicle (HEV), Plug-in Hybrid (PHEV) and Electric Vehicle (EV) programmes.

Related news:

  1. Conti Partners in CV Hybrid Battery Project
  2. Conti, SK Innovations battery JV a ‘strong team’ for future mobility
  3. Conti sensor helps EV users avoid a shocking experience
  4. Conti enters lithium-ion battery partnership
Comments

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

Your email address will not be published. Required fields are marked *

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Advert Location 348

Related Tags

automotive, batteries, Company News, Continental, electric vehicles, Germany, joint venture, partnership

Advert Location 28

Top five articles this week

Advert Location 29

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Bridgestone Americas launches sport-oriented brand campaign Less motorway lane hogging, and other resolutions
Scroll to top