Power
Hyundai Heavy & Magna E-Car Systems to Develop Lithium-ion Battery
Hyundai Heavy Industries (HHI), the world's largest shipbuilder and a leading green energy company, and Magna E-Car Systems (Magna E-Car), a global supplier of components and systems for hybrid and electric vehicles, announced that the two companies agreed to form a joint venture named MAHY E-CELL as a platform to co-develop and grow a successful battery cell and battery pack business.
UndeHHI expects the establishment of MAHY E-CELL to serve as a stepping stone to enter the Energy Storage System business and plans to link its solar and wind power business with ESS as a new growth engine.
Mr. Lee Choong-dong, COO of HHI's Green Energy Division said, The establishment of MAHY E-CELL is a reflection of Hyundai Heavy's determination to become a leading eco-friendly integrated energy company by advancing into Europe and North America's electric car batteries market and ESS business. We see solar energy, wind power, and energy storage systems as integral to our future growth.
Mr. Frank Stronach, Founder and Chairman of Magna E-Car stated We are pleased to move forward together as partners with HHI to advance next generation cell and battery pack technology to support the growth of the electric and hybrid electric vehicle markets.
Featured products
MAX17793
Analog Devices Inc.
3V to 80V, 3A, High-Efficiency, Synchronous Step-Down DC-DC Converter
| SKU: | MAX17793 |
|---|---|
| Stock: | 9316 |
| Cost: | $3.64 |
MAX22516
Analog Devices Inc.
IO-Link Data Link Controller with Transceiver and Integrated DC-DC
| SKU: | MAX22516 |
|---|---|
| Stock: | 8000 |
| Cost: | $5.42 |
