Gotion to purchase battery separators from SKIET
Both companies have signed a letter of intent to this effect. As soon as this leads to a fixed supply agreement, SKIET will supply separators to Gotion’s future production facilities in the USA and Europe. In Slovakia, the Chinese battery specialist is building a production facility with an annual capacity of 20 GWh in collaboration with InoBat. The Chinese company pledged investments totalling 1.23 billion euros for this.
Unlike CATL or BYD, Gotion High-Tech is not one of the world’s largest manufacturers. However, the market research institute SNE Research puts Gotion in eighth place in the ranking of global EV battery manufacturers with a market share of 3.2 per cent for 2024.
For its international expansion, Gotion is now joining forces with SKIET, a subsidiary of SK Innovation and thus a company from the ecosystem of South Korea’s conglomerate SK Group. Gotion’s direct competitor SK On was also part of this group until 2021. However, the battery division, which was spun off from SK Innovation, has been standing on its own two feet for four years, which the South Korean-Chinese cooperation now makes possible.
SKIET announces that it signed the Memorandum of Understanding with Gotion at the Intersolar North America Conference in San Diego at the end of February. The agreement outlines plans for strategic cooperation in supplying Gotion with separators for key global markets, the battery materials specialist said. SKIET also states that it has already completed the verification process for the supply of separators for electric cars and energy storage batteries at Gotion’s production facilities. Advantageous, as the South Korean company already has a production facility in Poland.
“This partnership with Gotion represents a significant step forward for both companies as we look to create synergies in the global EV and ESS market,” says SKIET CEO Lee Sang-min. “By leveraging our advanced products—designed to meet the needs of all battery form factors—and our robust global supply chain, SKIET will continue to elevate its corporate value and reinforce its position as a key player in the global market.”
Just at the beginning of the month, SKIET said it had secured a long-term supply contract worth around 290 billion won (around 190 million euros) with a global battery customer for prismatic lithium iron phosphate (LFP) battery separators. SKIET is not disclosing the name of the customer.
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