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SK Continental E-motion Launches Global Battery Business

The company is headed by Robert Lee as chief executive officer (CEO), former SK Innovation and the position of chief financial officer (CFO) is held by Marcus Heinemann, former Continental. Initially, SK Continental E-motion will employ around 220 people worldwide, sourced in almost equal proportions from the two partner companies. The venture, which is managed operationally from Berlin, began operations on January 2, 2013. The fully integrated teams will work on a global development footprint based at locations in Berlin, Germany and Daejeon, Korea.

SK Innovation and Continental form leading battery systems supplier

Hybridization and electrification are becoming increasingly important in passenger cars and light commercial vehicles, and batteries are a key component in this technology field. SK Continental E-motion will provide the latest lithium-ion battery technology to help international vehicle manufacturers to introduce electric drivetrains around the world. The company benefits from the skills of the technology leaders behind it, such as SK Innovation's in-depth expertise in the development of battery cells and separators. For its part, international automotive supplier Continental has extensive experience in battery-related electronics and complete battery systems as well as their integration into vehicles.

With preliminary sales of €32.7 billion in 2012, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires, and technical elastomers, Continental contributes to enhanced driving safety and global climate protection. Continental is also an expert partner in networked automobile communication. Continental currently has more than 170,000 employees in 46 countries.

Continental has been investing in the development and optimization of climate-friendly systems and components for alternative drives for over ten years. In 100 series projects for 20 manufacturers worldwide, around 1,600 specialists are currently working on further developing existing concepts as well as new innovations for hybrid and electric vehicles. To ensure safe, efficient, networked and comfortable mobility, Continental is bringing together the corporation's expertise in integration, energy optimization, drive management, vehicle safety, information management and tires. Hybrid and electric vehicle components from all business units can be adapted to specific vehicle requirements worldwide, allowing them to be used in almost all vehicle classes and drive types.

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