SO KOREA TO MAKE BATTERIES FOR MERCEDES

S.Korea's SK Innovation to Supply L-ion Batteries to Daimler AG
9 February 2011 (Trading Markets)

"South Korea's SK Innovation Co., formerly SK Energy Co…will supply lithium-ion batteries for Daimler AG's Mercedes-Benz SLS AMG E-Cell supercar…

"The SLS AMG E-Cell supercar was unveiled by Daimler in Detroit in January, SK Innovation said, adding that details would be discussed later."

The Mercedes-Benz SLS AMG E-Cell supercar (click to enlarge)

"SK Innovation, the parent firm of South Korea's leading oil refiner, is competing with local rival LG Chem Ltd. for a share of the car battery market.

"In 2009, SK Innovation was chosen to supply lithium-ion batteries for a hybrid electric vehicle project for Daimler unit Mitsubishi Fuso…[and] won a similar order from South Korean automakers such as Hyundai Motor Co., Kia Motors Corp…"