S. Korea's SK Energy joins U.S.-led electric vehicle consortium

16:35, April 09, 2010      

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SK Energy Co., South Korea's largest refiner, announced Friday it will join a technology assessment program led by the U.S. Advanced Battery Consortium (USABC), to share information on the development of advanced batteries for electric vehicles and hybrid electric vehicles.

SK Energy will jointly work with the USABC on evaluating lithium batteries applicable to electric vehicles for one year, where the USABC will fund half of the expenses, the company said.

"This move will play a significant role in helping SK Energy expand into the U.S. electric vehicle market," the company said in a statement.

SK Energy has been selected as the main battery provider of Daimler AG's Mitsubishi Fuso hybrid electric vehicles last year, as well as the lithium battery provider for local brand CT&T's low-speed electric vehicle models, it added.

The USABC is a consortium comprised of the U.S. Department of Energy, General Motors Co., Ford Motor Co., and Chrysler, that does research and development of advanced energy systems for electric and hybrid electric vehicles.

Source: Xinhua


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