February 18, 2016 09:30
SK Innovation will supply batteries for Mercedes-Benz's electric vehicles.
SK Innovation on Wednesday said it signed a deal with Daimler, the manufacturer of Mercedes-Benz, to supply lithium-ion batteries for the carmaker's EVs.
Daimler, which competes with BMW and Audi in the global luxury car market, launched the B-Class EV in 2014. The carmaker aims to dominate the global EV market next year with the release of new models equipped with batteries by SK Innovation.
"The deal is quite big because it involves a number of models, not just a single model," said Lee Hang-soo, an executive at SK Innovation.
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