SKIET in China separators breakthrough with Sunwoda

SKIET in China separators breakthrough with Sunwoda

SKIET in China separators breakthrough with Sunwoda 1024 576 Energy Storage Journal

May 4, 2023: South Korea’s SK IE Technology said on May 1 it had agreed a deal to supply separators to Chinese EV battery maker Sunwoda.

SKIET said the companies had signed a memorandum of understanding for the lithium ion separators deal, marking the Korean firm’s first large-scale supply of EV battery separators to a Chinese EV battery manufacturer.

Financial details were not disclosed, but SKIET said the separators will be produced and supplied from its Changzhou factory (pictured) in China.

The agreement also strengthens the firms’ existing business relationship.

To date, SKIET has been supplying separators for IT and electronic products to the Sunwoda Group.

Sunwoda’s major customers include the Geely Auto Group, Dongfeng Cummins Engine, SAIC Motor, Volvo Cars, and Volkswagen.

SKIET, which has a European manufacturing operation in Poland, said it now expects to work with Sunwoda in other countries.

The Korean firm is also considering entering the North American market — where it hopes to benefit from incentives provided under the US Inflation Reduction Act.

Energy Storage Journal reported on April 13 that South Korea had launched a multibillion dollar program to defend and expand its battery industry amid fears lucrative US tax breaks and incentives are tipping the global battery trade balance stateside.