No. 7 & 7A,
Jalan Tiara, Tiara Square,
Taman Perindustrian Sime UEP,
47600 Subang Jaya,
Selangor, Malaysia.
+603-8023 9829
+603-8023 7089
Fictron Industrial Supplies Sdn Bhd
No. 7 & 7A,
Jalan Tiara, Tiara Square,
Taman Perindustrian Sime UEP,
47600 Subang Jaya,
Selangor, Malaysia.
No. 7 & 7A,
Jalan Tiara, Tiara Square,
Taman Perindustrian Sime UEP,
47600 Subang Jaya,
Selangor, Malaysia.
Fictron Industrial
Automation Pte Ltd
140 Paya Lebar Road, #03-01,
AZ @ Paya Lebar 409015,
Singapore.
+65 31388976
sg.sales@fictron.com
Automation Pte Ltd
140 Paya Lebar Road, #03-01,
AZ @ Paya Lebar 409015,
Singapore.
+65 31388976
sg.sales@fictron.com
Samsung SDI to Supply Battery Cells, Modules to Germany¡¯s AKASOL
25 Sep 2019
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South Korean battery maker Samsung SDI Co. finalized a seven-year deal with Germany’s electric vehicle battery pack manufacturer AKASOL AG to provide lithium-ion battery cells and modules starting 2020, an action that should help it aggressively expand its presence in Europe.
Samsung SDI signed a memorandum of understanding (MoU) agreement with AKASOL at the 2019 International Motor Show in Frankfurt, Germany, on Sunday (local time) to supply the German battery pack maker its lithium-ion battery cells and modules from 2020 to 2027. Any kind of financial term was not unveiled.
Under the agreement, Samsung SDI’s cells and modules will be used in AKASOL’s recently developed third-generation battery packs, and they are enough to make total 13-Gigawatt hours (GWh) worth battery packs over the cited period. In general, 10 GWh is equivalent to battery capacity that can power up to 160,000 all-electric vehicles with each a driving range of 320 kilometers on a single charge.
The current deal is an extension of the partnership between Samsung SDI and AKASOL. The Korean company has been already supplying its lithium-ion battery cells and modules to AKASOL for the German partner’s first-generation battery systems. The stretched partnership with AKASOL is assumed to help Samsung SDI accelerate its expansion plans in the European battery market.