Bloomberg Anywhere Bloomberg Professional About Bloomberg


 
SK Energy to Supply Car Batteries to Mitsubishi Fuso (Update1)

By Kevin Cho

Oct. 25 (Bloomberg) -- SK Energy Co., South Korea’s biggest oil refiner, will supply car batteries to Daimler AG’s Japanese unit Mitsubishi Fuso Truck & Bus Corp.

SK Energy was selected to supply lithium-ion batteries for Mitsubishi Fuso’s gasoline-electric vehicles yesterday, the Seoul-based company said today in an e-mailed statement, without providing financial details.

The agreement “would enable SK Energy to participate in various hybrid and electric vehicles projects of Daimler as a preferred supplier,” the company said in the statement. SK Energy may also “move forward for further partnerships with other world’s leading automotive companies.”

Fuso is 85 percent owned by Daimler of Germany, and the remaining 15 percent is owned by companies in the Mitsubishi group.

To contact the reporters on this story: Kevin Cho in Seoul at kcho2@bloomberg.net.

Last Updated: October 24, 2009 22:13 EDT

Sponsored links